Technical analysis from Mg Unit Trust (MGC.AX.AX, ASX:MGC.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Mg Unit Trust
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Weaker volume performance from MGC has seen a lower volume of -41.8 [Downtrend]
Volume /
Weaker volume performance from MGC has seen a lower volume of -41.8 [Downtrend]

[BEARISH]: Mg Unit Trust current volume downtrend in the first timeframe. Volume for MGC is230966 (-41.8).

[Bearish]: SWMA(5) is serving as a resistance line for Mg Unit Trust
Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Mg Unit Trust

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.6%.

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Mg Unit Trust

[BULLISH]: Mg Unit Trust current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.7790.

Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for MGC

[Trend]: ADX for MGC has confirmed a strong trend is presentMg Unit Trust has an ATR(14) of 0.016, a DX of 11.51 & an ADX(14) of 31.8

Accumulation / Distribution /
Recent trading signals Mg Unit Trust is being accumulated

[BULLISH]: Mg Unit Trust current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Demarks Pivot Points /
[Short]: Limit orders for Mg Unit Trust should be set at $0.835

Mg Unit Trust has broken the first DeMark support point ($0.835) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.83 & short position stoploss for Mg Unit Trust should be set at $0.84

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Close Tod Vs Close Yest /
Buyers are now keener than sellers for Mg Unit Trust & are driving the price up.

[BULLISH]: Mg Unit Trustbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MGC adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 0.6 & the greatest daily positive change this year has been 0.6. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 23.1%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 0.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 0.6%

DVI: Accumulation still active for Mg Unit Trust
Daily Volume Index /
DVI: Accumulation still active for Mg Unit Trust

[BULLISH]: Mg Unit Trust current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Limit order for a short position has been identified for Mg Unit Trust [Bearish]
Camarilla Pivot Points /
Limit order for a short position has been identified for Mg Unit Trust [Bearish]

Mg Unit Trust has broken the first Camarilla support point ($0.765) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.696 & short position stoploss for Mg Unit Trust should be set between $0.974 & $1.044

Momentum /
Momentum(5) is now decreasing for Mg Unit Trust

MGC: MOM Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH CROSSOVER

Bollinger Bands /
Bollinger overbought signal has just been neutralized for Mg Unit Trust

[BULLISH CROSSUNDER]: Mg Unit Trustis no longer overbought The current level is 52.09% with a current width of 10.07.

Woodie Pivot Point /
Mg Unit Trust: Look for a short limit order entry @$0.83

Mg Unit Trust has broken the first Woodie support point ($0.83) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.825 & short position stoploss for Mg Unit Trust should be set at $0.845

Mg Unit Trust: Volume MACD oscillator (5249)
MACD Volume /
Mg Unit Trust: Volume MACD oscillator (5249)

[BULLISH]: Mg Unit Trust currently has positive Volume MACD of 5249. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

[Long]: Limit orders for Mg Unit Trust should be set at $2
Fibonacci Extensions /
[Long]: Limit orders for Mg Unit Trust should be set at $2

Mg Unit Trust has moved below the 161.8% level ($2) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$2.15 & Stoploss for Mg Unit Trust should be set at $1.85

Long Trend /
MGC: Long term trend is still an Uptrend

[BULLISH]: Mg Unit Trust is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 136. The highest rally for the month is 8

Ulcer Index /
Drawdown for Mg Unit Trust is currently low signalling low stress

[BEARISH]: Mg Unit Trust UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.363.

Detrended Price Oscillator /
Bullish trading conditions for Mg Unit Trust has been signalled from the DPO (0.0412)

MGC: DPO Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

Volume for Mg Unit Trust is now losing momentum @-21.7)
Percentage Volume /
Volume for Mg Unit Trust is now losing momentum @-21.7)

[BEARISH CROSSOVER]: Mg Unit Trust currently has negative PVO -21.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.6%.

[Bearish]: Initiated selling pressure for Mg Unit Trust has been confirmed
Elders Force Index /
[Bearish]: Initiated selling pressure for Mg Unit Trust has been confirmed

[BEARISH]: Mg Unit Trust current price has highlighted recent selling pressure. Currently, the Elders Force Index is -365.

Mg Unit Trust has failed to achieve a lower high of $0.84 (-0.6 %)
High Price /
Mg Unit Trust has failed to achieve a lower high of $0.84 (-0.6 %)

[BEARISH]: Mg Unit Trust current downtrend in the first timeframe. Currently, the HIGH is -0.6 %.

Chaikin Money Flow /
Mg Unit Trust: CMF Crossover confirmed signalling major shift in price direction

[BULLISH CROSSOVER]: Mg Unit Trust current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.13. During the quarter, the highest CMF value was 0.22

Triangular Moving Average /
Mg Unit Trust is in a short term downtrend with the closing price @$0.835

MGC: TMA Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH CROSSOVER

Commodity Channel Index /
CCI has stabilized for MGC

[NEUTRAL]: Mg Unit Trust current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 9. The previous bearish signal was active for 2 days. During the quarter, the highest CCI value was 79.

Opening Price /
Mg Unit Trust: Daily opening performance is -0.6 % [Uptrend]

[BULLISH]: Mg Unit Trust opening price has gapped up. Currently, the OPEN is $0.84 (-0.6 %).

[Downtrend]: Recent trading for MGC confirms bearish EMA(5) signal
Exponential Moving Average /
[Downtrend]: Recent trading for MGC confirms bearish EMA(5) signal

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.6%.

Price is now trading below the Simple Moving Average(5) for MGC
Simple Moving Average /
Price is now trading below the Simple Moving Average(5) for MGC

[BULLISH]: Mg Unit Trust currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.6%.

Percentage Price /
PPO: The shorter moving average for MGCis still above the longer term moving average

[BULLISH]: Mg Unit Trust currently has positive PPO 1.500%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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