Mirvac (ASX:MGR) Bullish Trend

Mirvac (ASX:MGR) Bullish Trend

Mirvac (ASX:MGR) Bullish Trend

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 2.36.

The projected lower bound is: 2.21.

The projected closing price is: 2.29.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 22 white candles and 24 black candles for a net of 2 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 83.3333. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 7 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 67.83. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 15 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 128.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 4 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.

Rex Takasugi – TD Profile

MIRVAC GRP STAPL closed unchanged at 2.280. Volume was 29% above average (neutral) and Bollinger Bands were 53% wider than normal.

Open High Low Close Volume___
2.290 2.320 2.270 2.280 16,741,418

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 2.19 2.12 1.95
Volatility: 22 22 24
Volume: 14,237,196 12,186,648 14,280,431

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


MIRVAC GRP STAPL is currently 16.7% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of MGR.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on MGR.AX and have had this outlook for the last 4 periods.


Mirvac Group is engaged in real estate investment, development and investment management. The Company operates in two divisions: Investment and Development The Investment division comprises Mirvac Property Trust (MPT) and a small number of assets held by the Company, which holds investments in properties covering the office, retail, industrial and hotel sectors across Australia. The Development divisions operations are property development and construction of residential, office, industrial and retail development projects. It has two segments, and one business unit, Investment Management, including Mirvac Asset Management, which is the property asset management business. Mirvac Investment Management comprises third party capital management with two business activities, being capital management for listed and unlisted property funds on behalf of retail and institutional investors, and property asset management on behalf of MPT, joint venture partners and property owners.
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