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 @ $0.335
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 237. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -222.


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
PWH PWR 3.85 8.5 599,138 151 BULLISH
SMX Sms Management & Technology 0.28 7.7 366,266 4 BULLISH
DCN Dacian Gold 2.47 7.4 251,474 187 BULLISH
SAR Saracen Mineral 2.39 5.3 5,223,164 203 BULLISH
SOL Washington H Soul Pattison & Co 30.51 4.9 890,555 203 BULLISH
SBM St Barbara Mines 4.11 4.8 3,162,759 138 BULLISH
RRL Regis Resources 4.18 4.5 3,805,822 155 BULLISH
NST Northern Star Resources 9.15 4.3 3,217,104 139 BULLISH
SLR Silver Lake Resources 0.59 3.5 1,480,590 139 BULLISH
BDR Beadell Resources 0.07 3.1 2,420,587 88 BULLISH
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