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Magontec Limited

MGL.AX•ASX
Basic Materials
Industrial Materials
$0.24
$0.02(9.09%)
Australian Market opens in 15h 51m

Magontec Limited (MGL.AX) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Magontec Limited (ASX:MGL.AX).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MGL.AX Technical Analysis Summary

Magontec Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 61.01)
Trend Strength:Moderate (ADX: 21.01)
Volatility:Medium (ATR: 0.01)
Support/Resistance:$0.19 – $0.25 (Bollinger Bands)

Overall, Magontec Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 61.01

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 63.10

Bullish
Buying momentum building without extremes.

Williams %R: -25.00

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 4.26

Bullish
Steady upward momentum.

Takeaway:Magontec Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 21.01

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 210.09

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Magontec Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.25
Middle Band (SMA 20)
$0.22
Lower Band
$0.19
Current Position
Within Bands

Takeaway:Magontec Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.24
Middle Line (EMA 20)
$0.22
Lower Channel
$0.20
Squeeze Status
No Squeeze

Takeaway:Magontec Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume296.21K
Money Flow Index64.39Bullish, inflows support continued momentum.
Relative Vigor Index33.56Bearish, price momentum favors sellers.

Overall Takeaway:MGL.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Magontec Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Magontec Limited are mixed, suggesting a Hold or wait-and-see approach.

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