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MGN NEWS why is Mines Management price falling or rising

MGN NEWS reasons for why stock price of Mines Management is falling or rising

MGN Mines Management is falling or rising technical reasons

Technical analysis forecast for Mines Management Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mines Management MGN at this time. Stock is falling and might fall more.

It appears as if Mines Management MGN gave a large move recently.

Stock of Mines Management (MGN) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Mines Management is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mines Management stays below 1.2, but if it comes above 1.2, then a intra day buy could be more profitable.
If you take a sell trade below 1.2, then use 1.2 as stoploss and 1 as target. However if you take a buy trade in Mines Management, then use 1.2 as stoploss and 1.31 as target.

MGN Mines Management is falling or rising NEWS fundamental reasons

More announcements and NEWS

MGN Mines Management current price & indicator signals

Moving Averages for Mines Management

  • 5Day Average: 1.26
  • 12Day Average: 1.27
  • 20Day Average: 1.33
  • 50Day Average: 1.36
  • 100Day Average: 1.1
  • 150Day Average: 0.91
  • 200Day Average: 0.76

MGN Indicators & signals

Indicator MACD (12,26,9)

1.28, 1.31, -0.01
Indicator MACD is in negative zone

Indicator ADX (14)

0, 50, 50
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGN Mines Management are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Tue Sep 2016 1.13 1.13 to 1.27 -10.32% 1.65 times
12 Mon Sep 2016 1.26 1.18 to 1.28 1.61% 0.92 times
09 Fri Sep 2016 1.24 1.24 to 1.35 -9.49% 0.86 times
08 Thu Sep 2016 1.37 1.34 to 1.41 4.58% 0.53 times
07 Wed Sep 2016 1.31 1.31 to 1.41 -6.43% 1.22 times
06 Tue Sep 2016 1.40 1.33 to 1.40 9.37% 1.05 times
02 Fri Sep 2016 1.28 1.25 to 1.36 3.23% 1.45 times
01 Thu Sep 2016 1.24 1.17 to 1.27 2.48% 1.26 times
31 Wed Aug 2016 1.21 1.18 to 1.25 -1.63% 1.43 times
30 Tue Aug 2016 1.23 1.18 to 1.30 -3.91% 0.87 times
29 Mon Aug 2016 1.28 1.21 to 1.30 -0.78% 0.4 times
26 Fri Aug 2016 1.29 1.24 to 1.32 0.78% 1.51 times

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MGN NEWS why is Mines Management price falling or rising

 

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