Stock Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
MAGELLAN FINANCIAL (ASX:MFG)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MFG
The long term trend has been DOWN since Sep 4th, 2017 at 24.19
The intermediate term trend has been UP since Sep 29th, 2017 at 24.44
The short term trend has been DOWN since Oct 19th, 2017 at 25.14
Smart Scan Analysis for MFG
Based on a pre-defined weighted trend formula for chart analysis, MFG scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||16.97||52wk High Date||2014-12-22|
|52wk Low||10.36||52wk Low Date||2014-01-06|
|Shares Outstanding||159,818,000||P/E Ratio||38.26|