MGC | Australian Securities Exchange

Mg Unit Trust
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DPO(20) for Mg Unit Trust has confirmed bullish direction is likely to continue
Detrended Price Oscillator /
DPO(20) for Mg Unit Trust has confirmed bullish direction is likely to continue

[BULLISH]: Mg Unit Trust currently has a confirmed uptrend. Price is currently above the displaced moving average for MGC. Currently, the return on DPO20 is -1.5%.

[Bullish]: Trend following indicator for MGC highlights upward price direction is likely
Weighted Moving Average /
[Bullish]: Trend following indicator for MGC highlights upward price direction is likely

MGC: WMA Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH CROSSOVER (3) 15 Oct: BEARISH CROSSOVER

Fibonacci Retracements /
Mg Unit Trust: 0.618 Fibonacci Retraction (0.3)

Mg Unit Trust: The current Fibonacci Retraction levels are: (23.61%) $0.33: (38.2%) $0.3: (50%) $0.3: (61.8%) $0.3The current support levels are: (78.6%) $0.29: (100%) $0.29: (138.2%) $0.28: (161.8%) $0.28: (261.8%) $0.26: (423.61%) $0.23

Woodie Pivot Point /
Mg Unit Trust: Look for a short limit order entry @$0.321

Mg Unit Trust has broken the first Woodie support point ($0.321) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.321 & short position stoploss for Mg Unit Trust should be set at $0.331

Close Tod Vs Close Yest /
Over the last month the average daily loss ratio has been -3.000000%

MGC: Recent Performance ->(1) 17 Oct: -1.5% (2) 16 Oct: 3.1% (3) 15 Oct: -3.0%

Chaikin Money Flow /
CMF Crossover from increased buying pressure for Mg Unit Trust

[BULLISH CROSSOVER]: Mg Unit Trust current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.04. During the quarter, the highest CMF value was 0.04 occurring on the Oct 17 2018.

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Aroon Oscillator /
Mg Unit Trust: Aroon oscillator (12) has confirmed an uptrend is present

[BULLISH]: Mg Unit Trust has a current ARU(25) of 100 and a current ARD(25) of 88

Accumulation still active for Mg Unit Trust
Accumulation / Distribution /
Accumulation still active for Mg Unit Trust

MGC: ADLINE Recent Trading -> (1) 17 Oct: 37991.7 (2) 16 Oct: 44194.5 (3) 15 Oct: -34574.5

The daily battle of control for Mg Unit Trust was won by the sellers
Close Tod Vs Range Tod /
The daily battle of control for Mg Unit Trust was won by the sellers

[BEARISH]: Mg Unit Trust sellers in control. This is the first day of seller commitment for Mg Unit Trust adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 15.4%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 4 days in the upper range giving a ratio of 0.5x.

Simple Moving Average /
Price continues to trade above the Simple Moving Average(15) for MGC

MGC: SMA(15) Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH CROSSOVER (3) 15 Oct: BEARISH CROSSOVER

Commodity Channel Index /
Continuation of the overbought CCI signal for MGC.AX

[BEARISH]: Mg Unit Trust (ASX:MGC) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 131. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 131.

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

Mg Unit Trust has broken the first DeMark support point ($0.3263) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.3230 & short position stoploss for Mg Unit Trust should be set at $0.328

MGC Basic Candle: Black Marubozu
Black Marubozu /
MGC Basic Candle: Black Marubozu

MGC: Basic Candlestick Current Signal -> (1) 17 Oct: BEARISH (2) 16 Oct: BULLISH (3) 15 Oct: BEARISH

Donchian oversold signal continues for Mg Unit Trust indicating upward price movement is likely
Donchian Channels /
Donchian oversold signal continues for Mg Unit Trust indicating upward price movement is likely

[BULLISH]: Mg Unit Trust is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for MGC

MGC: EOM Current Signal -> (1) 17 Oct: BULLISH HARD (2) 16 Oct: BULLISH HARD (3) 15 Oct: BULLISH HARD

Pivot Points /
Pivot point for MGC is bearish. Stoploss should be positioned @$0.332

Mg Unit Trust has broken the first support point ($0.322) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.322 & short position stoploss for Mg Unit Trust should be set between $0.332 & $0.334

Bill Williams Market Facilitation /
BWFI has signalled a Fake Day for Mg Unit Trust

Mg Unit Trust Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MGC. Trend continuation possible for MGC from reduced trading activity.

Mg Unit Trust is no longer overbought and normal trading conditions are resumed
Williams %R /
Mg Unit Trust is no longer overbought and normal trading conditions are resumed

MGC: William %R Current Signal -> (1) 17 Oct: BULLISH CROSSUNDER (2) 16 Oct: BEARISH CROSSOVER (3) 15 Oct: BULLISH CROSSUNDER

Exponential Moving Average(15) signal continues for Mg Unit Trust indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(15) signal continues for Mg Unit Trust indicating upward price movement is likely

[BULLISH]: Mg Unit Trust currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -1.5%.

Mg Unit Trust: Volume MACD oscillator (-14267)
MACD Volume /
Mg Unit Trust: Volume MACD oscillator (-14267)

[BEARISH CROSSOVER]: Mg Unit Trust currently has negative Volume MACD of -14267. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Percentage Price /
Mg Unit Trust: Price Percentage Oscillator (0.432)

[BULLISH]: Mg Unit Trust currently has positive PPO 0.432%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Sine Weighted Moving Average /
[Uptrend]: Recent trading for MGC indicates ST trend is likely to continue

[BULLISH]: Mg Unit Trust currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -1.5%.

Elder Ray Index /
Mg Unit Trust: Elder Ray Index is 0.006 [Bullish]

[BULLISH]: Mg Unit Trust Elder Ray Index is signalling a Bullish movementERI is 0.006 indicating bull power. Prices are being driven above the consensus of value for MGC during the last trading session [Buying Pressure]

Fibonacci Fans /
Mg Unit Trust: 0.618 Fibonacci Fan ($0.3)

Mg Unit Trust: The current Fibonacci Fan levels are: (23.61%) $0.33: (38.2%) $0.3: (50%) $0.3: (61.8%) $0.3The current support levels are: (78.6%) $0.29: (100%) $0.29: (138.2%) $0.28: (161.8%) $0.28: (261.8%) $0.26: (423.61%) $0.23

Price & volume confirms continued buying pressure for Mg Unit Trust is likely
Elders Force Index /
Price & volume confirms continued buying pressure for Mg Unit Trust is likely

[BULLISH]: Mg Unit Trust current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1184.

Mg Unit Trust: Sellers were in control all day.
Open Tod Vs Close Tod /
Mg Unit Trust: Sellers were in control all day.

[BEARISH STRONG]: Mg Unit Trust opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 7.7%.

Percentage Volume /
Volume for Mg Unit Trust continues to gain momentum @10.75)

[BULLISH]: Mg Unit Trust currently has positive PVO 10.75%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

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