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%

What indicators would you like to backtest?

Trading Performance

Rate of Change

Score

-0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 16.7 0.46% 0.60% 8.5% -6.2% -21.6%
SHORT 25 12.4 0.32% 0.36% 2.5% -2.2% -27.9%

Summary

Technical Analysis

Mg Unit Trust (MGC.AX)


Indicator:

RATE OF CHANGE


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $0.32
Signal Strength: MEDIUM
Recommendation:

Mg Unit Trust (ASX:MGC) currently has positive rate of change of 0.946%. This means the current price is greater than the price 14 days ago and therefore gaining momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.

Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100


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:

Rate of Change

Download
Company Close Change(%) Volume Value Signal
ATL ASX 20 0.65 9.2 415,156 10.17 BULLISH CROSSOVER
DNA Donaco International 0.08 9.2 4,579,010 1.22 BULLISH CROSSOVER
CEN Central Australian Phosphate 6.94 8.3 4,068 7.6 BULLISH CROSSOVER
HFR Highfield Resources 0.74 7.3 38,107 8.89 BULLISH CROSSOVER
EZL Euroz 1.21 7.1 86,825 4.31 BULLISH CROSSOVER
MTO Moto Goldmines 1.34 4.7 78,748 6.35 BULLISH CROSSOVER
PAC Pacsoft 4.8 4.1 25,306 1.05 BULLISH CROSSOVER
DFM Dongfang Modern Agriculture 0.88 4.1 241,557 3.53 BULLISH CROSSOVER
RBL Rib Loc 1.05 4 106,026 2.94 BULLISH CROSSOVER
MYR Myer 0.67 3.1 2,847,036 1.52 BULLISH CROSSOVER