Mg Unit Trust (MGC.AX)
SIMPLE MOVING AVERAGE
Trading: SELL @ $0.32
Signal Strength: STRONG
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. This means the SMA 15 day average has moved below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -3.0%.
A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.
Calculation: Simple Moving Average:
1) SMA: n period sum / n;
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.
Simple Moving AverageDownload
|GCS Global Construction Services||0.72||0||250,790||-0.1||BEARISH CROSSOVER|
|ING Inghams||3.87||-1||681,673||-0.9||BEARISH CROSSOVER|
|MSB Mesoblast||2.06||-1||663,879||-1.4||BEARISH CROSSOVER|
|HSN Hansen Technologies||3.61||-1.1||127,597||-1.2||BEARISH CROSSOVER|
|EZL Euroz||1.24||-1.6||41,761||-1.1||BEARISH CROSSOVER|
|GDF Garda Diversified Property Fund||1.25||-1.6||101,589||-1||BEARISH CROSSOVER|
|QBE QBE Insurance||11.13||-1.6||4,498,489||-1.1||BEARISH CROSSOVER|
|OGC Oceanagold Corporation||4.14||-2.1||450,218||-0.4||BEARISH CROSSOVER|
|COE Cooper Energy||0.46||-2.2||2,343,328||-1.3||BEARISH CROSSOVER|
|APD Apn Property||0.44||-2.2||81,300||-2.4||BEARISH CROSSOVER|