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Magellan Infrastructure

MICH.AX Technical Analysis Summary (ASX)

Analyze MICH.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MICH.AX●ASX
Financial ServicesAsset Management
$3.02
$0.03(1.003%)
Australian Market opens in 51h 26m

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

MICH.AX Technical Analysis Summary (ASX)

Magellan Infrastructure (ASX: MICH.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 58.27)
Trend Strength:Moderate (ADX: 22.21)
Volatility:Low (ATR: 0.03)
Support/Resistance:$2.84 – $3.01 (Bollinger Bands)

Technical conditions suggest Magellan Infrastructure on the ASX is awaiting a decisive move. This mix signals that Magellan Infrastructure is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 58.27

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 91.39

Bearish
Overbought levels may trigger pullback.

Williams %R: -12.50

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 3.81

Bullish
Steady upward momentum.

Takeaway:Magellan Infrastructure shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 22.21

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): 142.44

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Magellan Infrastructure shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$3.01
Middle Band (SMA 20)
$2.93
Lower Band
$2.84
Current Position
Above Upper Band

Takeaway:Magellan Infrastructure trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$3.01
Middle Line (EMA 20)
$2.95
Lower Channel
$2.88
Squeeze Status
No Squeeze

Takeaway:Magellan Infrastructure trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-1.66M
Money Flow Index63.77Bullish, inflows support continued momentum.
Relative Vigor Index55.78Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:MICH.AX shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Magellan Infrastructure (ASX: MICH.AX), 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

Price near upper Bollinger Band → potential resistance and pullback risk.

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

(ASX: MICH.AX) Technical Analysis FAQ