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:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.305
Signal Strength: MEDIUM
Recommendation:

Mg Unit Trust (ASX:MGC) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 326.


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 daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


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:

Daily Volume Index

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MVP Medical Developments 3.91 7.4 111,742 1,615 BULLISH
IRD Iron Road 0.06 6.7 45,111 137 BULLISH
JIN Jin 9.83 6.3 1,252,407 65 BULLISH
MOY Millennium Minerals 0.21 5.1 741,093 1,403 BULLISH
PNR Pacific Niugini Minerals 0.24 4.3 220,033 41,438 BULLISH
CNI Centuria Capital 1.41 4.1 235,309 555 BULLISH
PGC Paragon Care 0.48 3.2 983,038 3 BULLISH
EOS Electro Optic Systems Holdings 2.7 3.1 69,838 35 BULLISH
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