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MPET NEWS why is Magellan Petroleum Corporation price falling or rising

MPET NEWS reasons for why stock price of Magellan Petroleum Corporation is falling or rising

MPET Magellan Petroleum is falling or rising technical reasons

Technical analysis forecast for Magellan Petroleum 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 Magellan Petroleum MPET at this time. Stock is falling and might fall more.

It appears as if Magellan Petroleum MPET gave a large move recently.

Stock of Magellan Petroleum (MPET) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Magellan Petroleum is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Magellan Petroleum stays below 10.3, but if it comes above 10.3, then a intra day buy could be more profitable.
If you take a sell trade below 10.3, then use 10.3 as stoploss and 9.5 as target. However if you take a buy trade in Magellan Petroleum, then use 10.3 as stoploss and 11.04 as target.

MPET Magellan Petroleum is falling or rising NEWS fundamental reasons

More announcements and NEWS

MPET Magellan Petroleum Corporation current price & indicator signals

Moving Averages for Magellan Petroleum Corporation

  • 5Day Average: 10.21
  • 12Day Average: 10.89
  • 20Day Average: 11.14
  • 50Day Average: 12.54
  • 100Day Average: 11.39
  • 150Day Average: 9.37
  • 200Day Average: 8

MPET Indicators & signals

Indicator MACD (12,26,9)

10.66, 11.25, -0.49
Indicator MACD is in negative zone

Indicator ADX (14)

14.29, 20.22, 26.97
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MPET Magellan Petroleum Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Tue Apr 2017 10.06 9.61 to 10.14 2.76% 1.5 times
24 Mon Apr 2017 9.79 9.58 to 10.31 -4.02% 1.13 times
21 Fri Apr 2017 10.20 10.16 to 10.63 -3.04% 0.49 times
20 Thu Apr 2017 10.52 10.47 to 10.94 0.29% 0.81 times
19 Wed Apr 2017 10.49 10.26 to 10.51 -0.57% 0.55 times
18 Tue Apr 2017 10.55 10.10 to 10.83 3.03% 0.74 times
17 Mon Apr 2017 10.24 10.06 to 11.34 -9.14% 2.36 times
13 Thu Apr 2017 11.27 11.20 to 11.99 -3.76% 0.91 times
12 Wed Apr 2017 11.71 11.65 to 12.35 -3.22% 0.57 times
11 Tue Apr 2017 12.10 11.98 to 12.20 0.83% 1.2 times
10 Mon Apr 2017 12.00 11.64 to 12.21 1.87% 1.24 times
07 Fri Apr 2017 11.78 11.14 to 12.54 5.27% 2.43 times

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MPET NEWS why is Magellan Petroleum Corporation price falling or rising

 

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