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

Mg Unit Trust
+ Share

MGC: The return on MACD is 14.6%.
MACD /
MGC: The return on MACD is 14.6%.

[BULLISH]: Mg Unit Trust currently has positive MACD of 0.0336. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 14.6%.

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

[BULLISH]: Mg Unit Trust is in an uptrend in the medium term timeframe. The current rally number is 114 & the highest rally count for the LTM is 114. The highest rally for the month is 15

Volume /
Mg Unit Trust: Daily volume performance is 65.4 [Uptrend]

[BULLISH]: Mg Unit Trust current volume uptrend in the first timeframe. Volume for MGC is 1.31618e+006 (65.4).

Elders Force Index /
Mg Unit Trust: Elders Force Index (6580.88)

[BULLISH]: Mg Unit Trust current price has highlighted recent buying pressure. Currently, the Elders Force Index is 2189.

Closing Price /
Recent trading for Mg Unit Trust has surpassed the previous close by 2.3 %

[BULLISH]: Mg Unit Trust current uptrend in the first timeframe. Currently, the Close is $0.225.

Coles Reaction Day /
Daily trading produced a rally day for Mg Unit Trust

MGC: CRD Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: NEUTRAL

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Accumulation / Distribution /
Mg Unit Trust is being actively accumulated

[BULLISH]: Mg Unit Trust current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 2.3899e+006.

Exponential Moving Average(5) signal continues for Mg Unit Trust indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) 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 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.3%.

Volume MACD for Mg Unit Trust is now gaining momentum @45481
MACD Volume /
Volume MACD for Mg Unit Trust is now gaining momentum @45481

[BULLISH CROSSOVER]: Mg Unit Trust currently has positive Volume MACD of 45481. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Average Directional Movement /
Mg Unit Trust: ADX(68.64) has signalled a very strong trend is current

[Stong Trend]: ADX for MGC has confirmed a very strong trend is present. Mg Unit Trust has an ATR(14) of 0.022, a DX of 62.22 & an ADX(14) of 68.64

Low Price /
Mg Unit Trust: Daily low performance is 2.4 % [Uptrend]

[BEARISH]: Mg Unit Trust current uptrend in the first timeframe. Currently, the Low is $0.215 (2.4 %).

Money Flow Index /
Buying pressure for Mg Unit Trust has become overbought during trading session

[BULLISH CROSSOVER]: Mg Unit Trust current price has driven MFI to become oversold signalling the start of bullish trading conditions. Currently, the MFI is 81. During the quarter, the lowest MFI value was 7.61. The last oversold signal occurred on May 3 2018.

Closing price for Mg Unit Trust has seen buyers continue to win the daily battle for performance @ 2.3%
Close Tod Vs Close Yest /
Closing price for Mg Unit Trust has seen buyers continue to win the daily battle for performance @ 2.3%

MGC: Recent Performance ->(1) 21 May: 2.3% (2) 18 May: 4.8% (3) 21 May: 0.0%

William %R Overbought signal continues for Mg Unit Trust indicating downward price movement is likely
Williams %R /
William %R Overbought signal continues for Mg Unit Trust indicating downward price movement is likely

MGC: William %R Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH CROSSOVER (3) 21 May: NEUTRAL

Detrended Price Oscillator /
[Downtrend]: Price for Mg Unit Trust is currently below the displaced moving average

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Price is currently below the displaced moving average for MGC. Currently, the return on DPO20 is 2.3%.

Volume Rate of Change /
Volume rate of change(14) is decreasing for Mg Unit Trust

[BEARISH]: Mg Unit Trust currently has negative rate of change of -17%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 2.3%.

Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Mg Unit Trust

[BULLISH]: Mg Unit Trust UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 47.371.

Mg Unit Trust: Bear Harami
Bear Harami /
Mg Unit Trust: Bear Harami

[BEARISH]: Mg Unit Trust has formed a new Bear Harami reversal pattern.

Recent trading signals Mg Unit Trust is being distributed
Daily Volume Index /
Recent trading signals Mg Unit Trust is being distributed

[BEARISH]: Mg Unit Trust current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -57.

Daily trading has confirmed an Aroon downtrend (-4) for Mg Unit Trust
Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-4) for Mg Unit Trust

[BEARISH]: Mg Unit Trust has a current ARU(25) of 12 and a current ARD(25) of 16

Stochastic Oscillator /
Overbought signal for the Stochastic Oscillator is still current for Mg Unit Trust

[BEARISH]: Mg Unit Trust is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Range Tod Vs Range Yest /
Expanding price range for MGC signalling buyers continue to be more eager

MGC: Range today versus range yesterday Current Signal ->(1) 21 May: BEARISH (2) 18 May: BULLISH (3) 21 May: BEARISH

Price Range /
Volatile price performance from MGC has seen a range of 0.015 [Uptrend]

[BULLISH]: Mg Unit Trust current uptrend in the first timeframe. Currently, the Range is $0.015.

Commodity Channel Index /
Potential CCI trend reversal has been identified with Mg Unit Trust

[BEARISH]: Mg Unit Trust current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 183. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 195.

Lower envelope oversold signal had been maintained for Mg Unit Trust
Moving Average Envelope /
Lower envelope oversold signal had been maintained 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 0.3705.

Daily trading again produced an Uptrend bar for Mg Unit Trust
Short Trend /
Daily trading again produced an Uptrend bar for Mg Unit Trust

[BULLISH]: Mg Unit Trust is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Woodie Pivot Point /
Mg Unit Trust has moved above the R1 Woodie pivot point ($0.233) [Bullish]

Mg Unit Trust has broken the first Woodie resistance point ($0.233) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$0.239 & Stoploss for Mg Unit Trust should be set at $0.209

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