Mg Unit Trust (MGC)

Download button icon Download

Mg Unit Trust (MGC): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Mg Unit Trust (MGC.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $0.335
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 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 |

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:

Weighted Moving Average

Download button icon Download
Company Close Change (%) Volume Value Signal
PWH PWR 3.85 8.5 599,138 9.1 BULLISH
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
back to top