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

Exponential Moving Average

Score

-1.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 45 10.4 0.27% 0.32% 7.4% -4.0% -62.0%
SHORT 45 8.1 0.22% 0.26% 2.2% -2.5% -75.3%

Summary

Technical Analysis

Mg Unit Trust (MGC.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $0.3
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Mg Unit Trust (ASX:MGC) currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.0%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


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:

Exponential Moving Average

Download
Company Close Change(%) Volume Value Signal
RMS Ramelius Resources 0.77 15.9 8,313,251 -6 BEARISH
MOY Millennium Minerals 0.07 15.8 5,801,793 -8.5 BEARISH
DCN Dacian Gold 0.59 8.3 6,477,380 -23.7 BEARISH
GTN GTN Resources 1.06 8.2 143,270 -1.9 BEARISH
URF Us Masters Residential Property Fund 0.83 5.7 189,975 -7.6 BEARISH
KGN Kogan 5.21 5.5 899,578 -1.3 BEARISH
MOC Mortgage Choice 1.13 5.1 144,151 -0.5 BEARISH
ONE Oneview Healthcare 0.21 5.1 191,184 -3.6 BEARISH
ISD Isentia 0.24 4.3 541,629 -2.4 BEARISH
WSA Western Areas 2.09 4 2,506,748 -0.2 BEARISH