Mg Unit Trust (MGC)

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Mg Unit Trust (MGC): Signals

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TECHNICAL ANALYSIS SUMMARY

Mg Unit Trust (MGC.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.305
Signal Strength: MEDIUM
Recommendation:

Mg Unit Trust (ASX:MGC) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 92. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -70.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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.


The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;


PROFILE: Mg Unit Trust (MGC.AX)


Stock Exchange: ASX
Company: Mg Unit Trust
Ticker Codes: | MGC.AX | ASX:MGC |

About Mg Unit Trust (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.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
NWH NRW 2.28 9.6 3,181,761 63 BULLISH
AGG Anglogold Ashanti 4.16 8.3 21,558 68 BULLISH
NEA Nearmap 2.57 7.5 3,461,849 121 BULLISH
ORE Orocobre 3.2 7.4 2,255,245 119 BULLISH
SXY Senex Energy 0.38 7.1 10,983,458 107 BULLISH
RSG Resolute Mining 1.15 6.5 9,128,506 137 BULLISH
OGC Oceanagold Corporation 4.73 6.3 557,211 184 BULLISH
FWD Fleetwood 1.8 5.6 420,408 47 BULLISH
BSA Broadcast Services Australia 0.29 5.6 67,709 5 BULLISH
FMG Fortescue Metals 6.69 5.4 22,842,445 107 BULLISH
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