Mg Unit Trust (MGC.AX)
AVG DIRECTIONAL INDEX
Trading: HOLD @ $0.27
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Mg Unit Trust (ASX:MGC) has confirmed a weak trend is presentMg Unit Trust has an ATR(14) of 0.009, a DX of 10.91 & an ADX(14) of 12.94
The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.
Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;
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.
Average Directional IndexDownload
|RVA Reva Medical||0.24||17.5||40,000||-24.14||NEUTRAL|
|OSP Osprey Medical||0.12||9.1||29,536||-18.17||NEUTRAL|
|TNG Tennant Creek Gold||0.11||4.8||464,004||-15.69||NEUTRAL|
|TPM Tpg Telecom||7.2||4.8||2,866,529||15.79||NEUTRAL|
|MNS Milnes Holdings||0.34||4.7||583,599||22.75||NEUTRAL|