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

Fibonacci Retracements

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 34.2 0.36% 0.57% 13.4% -14.1% -45.3%
SHORT 13 28.7 0.23% 0.27% 14.0% -4.2% -4.2%

Summary

Technical Analysis

Mg Unit Trust (MGC.AX)


Indicator:

FIBONACCI RETRACTION


Signal Strength: MEDIUM
Recommendation:

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


Mg Unit Trust (ASX:MGC) : The current Fibonacci Retraction levels are:
(23.61%) $0.32
(38.2%) $0.31
(50%) $0.31
(61.8%) $0.3

The current support levels are:
(78.6%) $0.3
(100%) $0.3
(138.2%) $0.3
(161.8%) $0.29
(261.8%) $0.28
(423.61%) $0.27



A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 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.

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