MAG - Bullish Trade PlanMAG plummeted hard but seems that it has managed to find support at the 78.6 Fibonacci Retracement level. This is a positive sign and any bullish price action should provide confidence to get long. My initial target would be $0.180 (potential 30% gain) with a tight stop below the current swing low.
−0.005 AUD
−3.38 M AUD
0.00 AUD
417.05 M
About MAGMATIC RESOURCES LIMITED
Sector
Industry
CEO
David Richardson
Website
Headquarters
Orange
Founded
2016
ISIN
AU000000MAG5
FIGI
BBG00FZGC7Y6
Magmatic Resources Ltd. engages in the provision of mineral exploration. It focuses on copper and gold properties and other base metals in Orange, New South Wales. The company was founded on October 28, 2016 and is headquartered in Nedlands, Australia.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of MAG is 0.036 AUD — it has decreased by −9.76% in the past 24 hours. Watch MAGMATIC RESOURCES LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on ASX exchange MAGMATIC RESOURCES LIMITED stocks are traded under the ticker MAG.
MAG stock has fallen by −9.76% compared to the previous week, the month change is a −27.45% fall, over the last year MAGMATIC RESOURCES LIMITED has showed a −70.00% decrease.
MAG stock is 13.89% volatile and has beta coefficient of 1.65. Track MAGMATIC RESOURCES LIMITED stock price on the chart and check out the list of the most volatile stocks — is MAGMATIC RESOURCES LIMITED there?
Today MAGMATIC RESOURCES LIMITED has the market capitalization of 17.10 M, it has increased by 21.62% over the last week.
Yes, you can track MAGMATIC RESOURCES LIMITED financials in yearly and quarterly reports right on TradingView.
MAG net income for the last half-year is −826.14 K AUD, while the previous report showed −1.28 M AUD of net income which accounts for 35.32% change. Track more MAGMATIC RESOURCES LIMITED financial stats to get the full picture.
No, MAG doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, MAG shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MAGMATIC RESOURCES LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MAGMATIC RESOURCES LIMITED technincal analysis shows the strong sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MAGMATIC RESOURCES LIMITED stock shows the sell signal. See more of MAGMATIC RESOURCES LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.