MGX Resources (MGX.AX) Technical Analysis
As of 2026-07-22, MGX.AX last traded at 0.345 AUD (0.00% on the day) and is in a downtrend on the daily timeframe — price below falling 50-DMA, 50-DMA below 200-DMA. Nearest levels: 0.34 AUD support below, 0.355 AUD resistance above. 14-day RSI is 61.9 (bullish).
Last updated 2026-07-22 · Source: FMP end-of-day prices (adjusted); indicators computed by SniperIQ
Is MGX.AX in an uptrend or downtrend?
MGX Resources is in a downtrend — price below falling 50-DMA, 50-DMA below 200-DMA.
| Last close | 0.345 AUD (0.00%) |
|---|---|
| 20-day average | 0.33825 AUD |
| 50-day average | 0.3457 AUD |
| 200-day average | 0.3967 AUD |
Key support and resistance levels for MGX.AX
Derived from swing pivots over the last 200 sessions:
| Level | Type | Strength | Touches |
|---|---|---|---|
| 0.355 AUD | Resistance | Strong | 5 |
| 0.36 AUD | Resistance | Moderate | 2 |
| 0.365 AUD | Resistance | Moderate | 2 |
| Level | Type | Strength | Touches |
|---|---|---|---|
| 0.34 AUD | Support | Moderate | 2 |
| 0.335 AUD | Support | Minor | 1 |
| 0.33 AUD | Support | Strong | 5 |
MGX.AX 52-week range, momentum and volatility
| 52-week high | 0.495 AUD (30.3% below) |
|---|---|
| 52-week low | 0.32 AUD (7.8% above) |
| 14-day RSI | 61.9 (Bullish) |
| 14-day ATR | 0.013 AUD (3.77% of price, High volatility) |
Related research pages
Frequently asked questions
Is MGX Resources (MGX.AX) in an uptrend or downtrend?
As of 2026-07-22, MGX.AX is in a downtrend on the daily timeframe — price below falling 50-DMA, 50-DMA below 200-DMA. Last close 0.345 AUD vs 50-day average 0.3457 AUD and 200-day average 0.3967 AUD.
What are the key support and resistance levels for MGX.AX?
Nearest support is around 0.34 AUD (moderate, 2 touches). Nearest resistance is around 0.355 AUD (strong). Levels are derived from swing pivots over the last ~200 sessions.
What is MGX.AX's 52-week high and low?
Over the last 52 weeks, MGX.AX traded between 0.32 AUD and 0.495 AUD. It is currently 30.3% below its 52-week high.
Is MGX.AX overbought or oversold?
The 14-day RSI is 61.9 — in a neutral 30–70 range. Momentum reads as bullish.
How volatile is MGX.AX?
Its 14-day Average True Range is 0.013 (3.77% of price) — high volatility relative to price.