MGC | Australian Securities Exchange

Mg Unit Trust
+ Share

Traders are currently accumulating Mg Unit Trust
On Balance Volume /
Traders are currently accumulating Mg Unit Trust

[BULLISH]: Mg Unit Trust current price has highlighted recent accumulation. Currently, the OBV is 8.35005e+006.

Stoploss for Mg Unit Trust should be set at $3.34
Fibonacci Extensions /
Stoploss for Mg Unit Trust should be set at $3.34

Mg Unit Trust has moved below the 161.8% level ($3.13) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$2.92 & Stoploss for Mg Unit Trust should be set at $3.34

Accumulation / Distribution /
Market conditions are indicating accumulation is current for MGC

MGC: ADLINE Recent Trading -> (1) 21 Aug: 1.69483e+006 (2) 20 Aug: 1.75068e+006 (3) 17 Aug: 2.20562e+006

MACD Volume /
Mg Unit Trust: Volume MACD @37517 [Bullish]

[BULLISH]: Mg Unit Trust currently has positive Volume MACD of 37517. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Exponential Moving Average /
The EMA trend following signal is still current for Mg Unit Trust [Bullish]

[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 0.0%.

Aroon Oscillator /
Mg Unit Trust: Aroon oscillator (72) has confirmed a strong uptrend is present

[BULLISH]: Mg Unit Trust has a current ARU(25) of 80 and a current ARD(25) of 8

Mg Unit Trust: Weighted Moving Average(5) (0.33)
Weighted Moving Average /
Mg Unit Trust: Weighted Moving Average(5) (0.33)

MGC: WMA Current Signal -> (1) 21 Aug: BULLISH (2) 20 Aug: BULLISH (3) 17 Aug: BULLISH

Bill Williams Market Facilitation /
Trend continuation possible for MGC from reduced trading activity

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.

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

MGC: ROC Current Signal -> (1) 21 Aug: BEARISH CROSSOVER (2) 20 Aug: NEUTRAL (3) 17 Aug: NEUTRAL

Mg Unit Trust is being actively distributed based on DVI
Daily Volume Index /
Mg Unit Trust is being actively distributed based on DVI

[BEARISH]: Mg Unit Trust (ASX:MGC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -665.

Medium Trend /
Mg Unit Trust has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Mg Unit Trust has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 10 2018.

Percentage Price /
The current price is still gaining momentum through a rise for MGC on the short term EMA.

[BULLISH]: Mg Unit Trust currently has positive PPO 1.873%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Long Trend /
Mg Unit Trust: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Mg Unit Trust is in an uptrend in the medium term timeframe.. The highest rally for the month is 15

MGC.AX: Bearish relationship forming between price & volume
Chaikin Money Flow /
MGC.AX: Bearish relationship forming between price & volume

[BEARISH]: Mg Unit Trust current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.49. Mg Unit Trust (ASX:MGC) received a confirmed CMF crossover days on the Aug 9 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.6 occurring on the Aug 9 2018.

Recent trading highlights continued selling pressure is present for MGC
Elders Force Index /
Recent trading highlights continued selling pressure is present for MGC

[BEARISH]: Mg Unit Trust current price has highlighted recent selling pressure. Currently, the Elders Force Index is -185.

Volume Rate of Change /
Positive VROC: Volume is higher for Mg Unit Trust than 14 days ago

[BULLISH]: Mg Unit Trust currently has positive volume of change of 11%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

Detrended Price Oscillator /
DPO for MGC has confirmed price is currently above the displaced moving average

MGC: DPO Current Signal -> (1) 21 Aug: BULLISH (2) 20 Aug: BULLISH (3) 17 Aug: BULLISH

Woodie Pivot Point /
Mg Unit Trust: Look for a long limit order entry @$0.335

Mg Unit Trust has broken the first Woodie resistance point ($0.335) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$0.339 & Stoploss for Mg Unit Trust should be set at $0.323

Mg Unit Trust: Sine Weighted Moving Average(5) (0.33)
Sine Weighted Moving Average /
Mg Unit Trust: Sine Weighted Moving Average(5) (0.33)

[BULLISH]: Mg Unit Trust currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Mg Unit Trust has signalled an Average Directional Index strong trend present
Average Directional Movement /
Mg Unit Trust has signalled an Average Directional Index strong trend present

[Trend]: ADX for MGC has confirmed a strong trend is present. Mg Unit Trust has an ATR(14) of 0.007, a DX of 29.41 & an ADX(14) of 40.91

Mg Unit Trust: Percentage Volume Oscillator @-7.72 [Bearish]
Percentage Volume /
Mg Unit Trust: Percentage Volume Oscillator @-7.72 [Bearish]

[BEARISH]: Mg Unit Trust currently has negative PVO -7.72%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Elder Ray Index /
Mg Unit Trust: Elder Ray Index is 0.005 [Bullish]

[BULLISH]: Mg Unit Trust Elder Ray Index is signalling a Bullish movementERI is 0.005 indicating bull power. Prices are being driven above the consensus of value for MGC during the last trading session [Buying Pressure]

Pivot Points /
Long positions for Mg Unit Trust should be set between $0.331 & $0.335

Mg Unit Trust has broken the first resistance point ($0.335) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$0.339 & Stoploss for Mg Unit Trust should be set between $0.323 & $0.319

Simple Moving Average /
Mg Unit Trust: Simple Moving Average(5) (0.33)

MGC: SMA(5) Current Signal -> (1) 21 Aug: BULLISH (2) 20 Aug: BULLISH (3) 17 Aug: BULLISH

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Mg Unit Trust

[BEARISH]: Mg Unit Trust UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.993.

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

MGC: TMA Recent Trading -> (1) 21 Aug: 0.3290 (2) 20 Aug: 0.3290 (3) 17 Aug: 0.3280

Closing price for MGC is still below the lower Donchian Band signalling a bullish movement
Donchian Channels /
Closing price for MGC is still below the lower Donchian Band signalling a bullish movement

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

Demarks Pivot Points /
DeMark pivot point for MGC is bullish. Stoploss should be positioned @$0.326

Mg Unit Trust has broken the first DeMark support point ($0.3305) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.3260 & short position stoploss for Mg Unit Trust should be set at $0.334

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