Mg Unit Trust (MGC.AX)
ELDERS FORCE INDEX
Trading: BUY @ $0.315
Signal Strength: MEDIUM
Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.
Mg Unit Trust (ASX:MGC) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 234.
Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.
Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;
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.
Elder's Force IndexDownload
|AXP Airxpanders Inc||0.04||20||3,531,549||910||BULLISH|
|FIG Freedom Insurance||0.06||9.3||846,374||111||BULLISH|
|TZN Terramin Australia||0.14||8||359,269||13,465||BULLISH|
|EWC Energy World Corporation||0.17||6.5||13,824||876||BULLISH|
|LLC Lend Lease Corporation||13.27||3.8||7,329,601||6,826||BULLISH|
|BPT Beach Petroleum||1.68||3.7||12,362,650||3,662||BULLISH|