|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Mg Unit Trust (MGC.AX)
Trading: HOLD @ $0.32
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Mg Unit Trust (ASX:MGC) is currently bullish highlighting the potential for a short term trend continuation in the upward direction.
The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
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.
|MOC Mortgage Choice||0.91||14.5||663,230||35.19||BULLISH CROSSOVER|
|GNG GR Engineering Services||0.95||9.8||41,600||10.87||BULLISH CROSSOVER|
|EMH European Metals Holdings||0.41||9.3||135,933||16.67||BULLISH CROSSOVER|
|WBC Westpac Banking Corporation||27.75||9.2||24,404,464||34.74||BULLISH CROSSOVER|
|ALK Alkane Exploration||0.24||9.1||1,447,163||27.78||BULLISH CROSSOVER|
|AHG Advance Healthcare||2.55||9||1,585,387||50||BULLISH CROSSOVER|
|OVH Onevue Holdings||0.49||8.9||426,122||25||BULLISH CROSSOVER|
|NAB National Australia Bank||25.81||7.9||23,451,421||33.48||BULLISH CROSSOVER|
|ANZ Australia & Banking||27.86||7.8||14,554,708||38.05||BULLISH CROSSOVER|
|CBA Commonwealth Bank||77.4||6.3||9,829,411||44.39||BULLISH CROSSOVER|