Mg Unit Trust

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Commodity Channel Index

Score

-1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 50 7.8 0.62% 1.07% 2.2% -5.0% -74.6%
SHORT 49 8.5 0.51% 0.78% 2.1% -3.3% -53.5%

Summary

Technical Analysis

Mg Unit Trust (MGC.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.36
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 217. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -293.


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

Download
Company Close Change(%) Volume Value Signal
MOY Millennium Minerals 0.12 27.8 9,674,612 132 BULLISH
BKY Berkeley Resources 0.38 13.4 25,468 43 BULLISH
GGG Greenland Minerals 0.14 12 2,427,802 100 BULLISH
DNA Donaco International 0.13 8.3 2,639,011 166 BULLISH
AJM Altura Mining 0.14 8 8,666,348 167 BULLISH
AJX Alexium International 0.16 6.7 683,856 172 BULLISH
HLO Helloworld 5.01 4.4 138,319 323 BULLISH
CGL The Citadel 4.58 4.3 167,236 103 BULLISH
SFR Sandfire Resources 6.55 4.3 2,699,730 50 BULLISH
GBT Gbst Holdings 2.8 4.1 131,781 224 BULLISH