MGC | Australian Securities Exchange

Mg Unit Trust
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Mg Unit Trust: Current trading activity signals distribution is present
Accumulation / Distribution /
Mg Unit Trust: Current trading activity signals distribution is present

MGC: ADLINE Recent Trading -> (1) 17 Jan: -87491.2 (2) 16 Jan: -87491.2 (3) 15 Jan: -103885

Market conditions are indicating OBV distribution is current for MGC.AX
On Balance Volume /
Market conditions are indicating OBV distribution is current for MGC.AX

[BEARISH]: Mg Unit Trust current price has highlighted recent distribution. Currently, the OBV is -47371.2.

Detrended Price Oscillator /
The simple moving average and past price for MGC has confirmed bearish trading conditions

[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 0.0%.

Volume Rate of Change /
Volume rate of change is now falling for Mg Unit Trust signalling an downtrend will persist

[BEARISH CROSSOVER]: Mg Unit Trust currently has negative rate of change of -85%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

Supertrend /
MGC: Supertrend has confirmed an uptrend @0.253

[BULLISH]: Mg Unit Trust has a current Supertrend of 0.253

Exponential Moving Average /
Mg Unit Trust is in a short term downtrend with the closing price @$0.275

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.0%.

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Rate of Change /
Mg Unit Trust currently has positive rate of change for 3.774

[BULLISH]: Mg Unit Trust currently has positive rate of change of 3.774%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

[Long]: Entry price for MGC should be set @$2.84
Fibonacci Extensions /
[Long]: Entry price for MGC should be set @$2.84

Mg Unit Trust: The current Fibonacci Extension levels are: (23.61%) $0.27: (38.2%) $0.28: (50%) $0.28: (61.8%) $0.29The current support levels are: (78.6%) $0.3: (100%) $0.31: (138.2%) $0.32: (161.8%) $0.33: (261.8%) $0.38: (423.61%) $0.45

Mg Unit Trust: Buyers have lost commitment.
Open Tod Vs Close Tod /
Mg Unit Trust: Buyers have lost commitment.

[BULLISH WEAK]: Mg Unit Trust opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 50%. This suggests the buyers have lost commitment. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the middle 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 price range & the closing the price in the middle price range giving a confirmation ratio of 8.3%.

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of MGC

MGC: UIX Current Signal -> (1) 17 Jan: High stress (2) 16 Jan: High stress (3) 15 Jan: High stress

Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down 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.

Fibonacci Retracements /
Mg Unit Trust: 0.618 Fibonacci Retraction (0.29)

Mg Unit Trust: The current Fibonacci Retraction levels are: (23.61%) $0.27: (38.2%) $0.28: (50%) $0.28: (61.8%) $0.29The current support levels are: (78.6%) $0.3: (100%) $0.31: (138.2%) $0.32: (161.8%) $0.33: (261.8%) $0.38: (423.61%) $0.45

14-day momentum is increasing for Mg Unit Trust
Momentum /
14-day momentum is increasing for Mg Unit Trust

[BULLISH]: Mg Unit Trust currently has positive momentum of 0.01. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 2%.

The MACD for MGC is gaining momentum through a rise on the short term EMA
MACD /
The MACD for MGC is gaining momentum through a rise on the short term EMA

[BULLISH]: Mg Unit Trust currently has positive MACD of 0.0018. This means the signal line is greater than the MACD line signalling a bullish movement.

Percentage Volume /
Mg Unit Trust: Percentage Volume Oscillator (-5.82)

[BEARISH CROSSOVER]: Mg Unit Trust currently has negative PVO -5.82%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Range Tod Vs Range Yest /
The biggest price range this month for MGC has been $0.0180

[BULLISH]: Mg Unit Trust buyers are increasingly eager. This is the first day buyers have increased eagerness for MGC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0180. & the greatest daily price range this year has been $0.0180. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 1x.

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

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.0%.

MGC Basic Candle: White
White Candle /
MGC Basic Candle: White

[BULLISH]: Mg Unit Trust has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Closing price for MGC is still above the upper Donchian Band signalling a bearish movement
Donchian Channels /
Closing price for MGC is still above the upper Donchian Band signalling a bearish movement

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

[Bull Power]: Prices are being driven above the consensus of value for MGC during the last trading session
Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for MGC during the last trading session

[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]

Percentage Price /
Price percentage oscillator: Downward momentum is still present for Mg Unit Trust

[BEARISH]: Mg Unit Trust currently has negative PPO -2.135%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Two White Soldiers /
Mg Unit Trust: Two White Soldiers

[BULLISH]: Mg Unit Trust has formed a new Two White Soldiers pattern.

Demarks Pivot Points /
Mg Unit Trust has moved below the S1 DeMark pivot point ($0.2763) [Bearish]

Mg Unit Trust has broken the first DeMark support point ($0.2763) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.2730 & short position stoploss for Mg Unit Trust should be set at $0.283

Ease of Movement /
Mg Unit Trust was easily moved upward on high volume in recent trading

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

Mg Unit Trust: 0.618 Fibonacci Fan ($0.45)
Fibonacci Fans /
Mg Unit Trust: 0.618 Fibonacci Fan ($0.45)

Mg Unit Trust: The current Fibonacci Fan levels are: (23.61%) $0.42: (38.2%) $0.44: (50%) $0.44: (61.8%) $0.45The current support levels are: (78.6%) $0.47: (100%) $0.48: (138.2%) $0.5: (161.8%) $0.51: (261.8%) $0.59: (423.61%) $0.7

Mg Unit Trust is in a short term uptrend with the closing price @$0.275
Simple Moving Average /
Mg Unit Trust is in a short term uptrend with the closing price @$0.275

[BULLISH]: Mg Unit Trust currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.0%.

Tricklar Trend /
Mg Unit Trust: Tricklar trend Uptrend remains intact

MGC: Tricklar Trend Current Signal -> (1) 17 Jan: BULLISH (2) 16 Jan: BULLISH (3) 15 Jan: BULLISH

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