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

1st timeframe trend

Score

1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 15 24.0 0.60% 1.13% 11.1% -2.1% 83.0%
SHORT 15 26.2 0.53% 1.00% 48.9% -5.0% 351.7%

Summary

Technical Analysis

Mg Unit Trust (MGC.AX)


Indicator:

1ST TIMEFRAME TREND


Last Signal:

BEARISH


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

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) is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position



The Tricklar short term trend indicator (T1) highlights the high points and low points associated with the individual bars. As such, successive rallies penetrating preceding high points whilst cancelling preceding lower troughs offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous Lower peaks whilst maintaining prices below the previous lower troughs indicates BEARISH trends in the second timeframe.

Calculation: Tricklar short trend (T1):
1) [BULLISH] An uptrend is a succession of higher highs and higher lows;
2) [BEARISH] A downtrend is a succession of lower highs and lower lows;


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:

1st timeframe trend

Download
Company Close Change(%) Volume Value Signal
PLS Pilbara Minerals 0.57 3.7 21,675,021 -1 BEARISH
GOR Gold Road Resources 0.97 0.5 7,318,551 -1 BEARISH
TLG Talga Gold 0.46 0 269,711 -1 BEARISH
RBL Rib Loc 0.98 0 76,932 -1 BEARISH
EOS Electro Optic Systems Holdings 3.81 0 1,231,751 -1 BEARISH
MDC Mcconnell Dowell Corporation 0.36 0 75,089 -1 BEARISH
AMP AMP 2.07 0 20,692,434 -1 BEARISH
OSP Osprey Medical 0.09 -1.2 345,958 -1 BEARISH
AVN Avon Resources 2.32 -1.3 322,068 -1 BEARISH
LNK Link 5.32 -1.3 10,393,250 -1 BEARISH