Mg Unit Trust (MGC.AX)
WEIGHTED MOVING AVERAGE
Trading: BUY @ $0.335
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 uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 3.1%.
Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.
Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-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.
Weighted Moving AverageDownload
|DCN Dacian Gold||2.47||7.4||251,474||9.4||BULLISH|
|GCY Gascoyne Resources||0.28||5.7||781,017||6.5||BULLISH|
|SAR Saracen Mineral||2.39||5.3||5,223,164||11.7||BULLISH|
|SOL Washington H Soul Pattison & Co||30.51||4.9||890,555||10.4||BULLISH|
|SBM St Barbara Mines||4.11||4.8||3,162,759||6.8||BULLISH|
|RRL Regis Resources||4.18||4.5||3,805,822||4.9||BULLISH|
|NST Northern Star Resources||9.15||4.3||3,217,104||4.3||BULLISH|
|SLR Silver Lake Resources||0.59||3.5||1,480,590||5.4||BULLISH|
|BDR Beadell Resources||0.07||3.1||2,420,587||6.3||BULLISH|