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MIRVAC GROUP (MGR.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 29 Jun 2017NoneBullish EngulfingFri, 16 Jun 2017-5.58%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
2.40 0.00 (0%) Nov 01 7:59am AEST
Open: 2.41 Range: 2.39 - 2.42 Vol: 3.41M Avg Vol: 12.65M
EPS: 0.29 P/E ratio: 7.64 EBITDA: 792.00M Mkt Cap: 8.15B
Analyze "MGR.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 2.27
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 2.26
Last Trade is above the 50 day moving average at 2.28
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 2.16
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MGR.AX

Stock Trend Analysis - Buy, Sell or Hold "MIRVAC GROUP" (MGR.AX)?

MGR.AX is in a very strong uptrend. In the last 52 weeks, MGR.AX has been trading above the 200 day moving average for 85% of the time with an average daily volume of 12.7M shares being traded. In the medium term, the 50 day moving average, currently at 2.28 for MGR.AX is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading with a slight bearish bias, which may indicate beginnings of a topping formation. It is unsurprising to have some profit taking set in at this stage as MGR.AX's performance has been very strong thus far. A good area to consider taking a long position in MGR.AX is near the 200 SMA currently at 2.16. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MGR.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 29 Jun 2017
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