Mg Unit Trust (MGC.AX)
Trading: SELL @ $0.305
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) UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.645.
A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.
Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;
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.
|LYC Lynas Corporation||1.84||11.9||10,942,144||0.4||BULLISH|
|MVP Medical Developments||3.91||7.4||111,742||1.82||BULLISH|
|BGA Bega Cheese||5.09||7.4||1,107,047||4.19||BULLISH|
|IRD Iron Road||0.06||6.7||45,111||4.88||BULLISH|
|PNR Pacific Niugini Minerals||0.24||4.3||220,033||3.08||BULLISH|
|ADA Adacel Technologies||0.74||4.2||69,085||4.87||BULLISH|
|CNI Centuria Capital||1.41||4.1||235,309||1.97||BULLISH|