Mg Unit Trust (MGC.AX)
Trading: SELL @ $0.31
Signal Strength: MEDIUM
Mg Unit Trust (ASX:MGC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -43412. day. During the quarter, the lowest ADLINE value was -172500.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.
Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.
Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.
PROFILE: Mg Unit Trust (MGC.AX)
Stock Exchange: ASX
Company: Mg Unit Trust
Ticker Codes: | MGC.AX | ASX:MGC |
MG Unit Trust operates as a special purpose funding vehicle in Australia. It holds interest in subordinated notes and convertible preference shares issued by Murray Goulburn Co-operative Co. Limited. The company was founded in 2015 and is based in Southbank, Australia. MG Unit Trust is a subsidiary of Murray Goulburn Co-Operative Co. Limited.
|DNA Donaco International||0.07||89.2||89,678,822||-951,889.5||BEARISH|
|CUV Clinuvel Pharmaceuticals||17.98||9.6||39,812||-20,945.2||BEARISH|
|RAP Resapp Health||0.12||9.5||648,223||-378,165.5||BEARISH|
|ADA Adacel Technologies||0.68||8.8||160,420||-72,478||BEARISH|
|NEC Nine Entertainment||1.63||8.3||13,131,540||-1,319,290.1||BEARISH|
|SYR Syrah Resources||1.81||8.1||2,657,646||-47,564.8||BEARISH|
|IRD Iron Road||0.06||7.8||20,000||-29,295.8||BEARISH|
|IFL Ioof Holdings||4.83||7.3||4,622,897||-1,711,827.8||BEARISH|
|LAU Lindsay Australia||0.38||7.1||78||-40,782.2||BEARISH|