MGC | Australian Securities Exchange

Mg Unit Trust
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Recent trading highlights continued selling pressure is present for MGC
Elders Force Index /
Recent trading highlights continued selling pressure is present for MGC

[BEARISH]: Mg Unit Trust current price has highlighted recent selling pressure. Currently, the Elders Force Index is -205.

Positive momentum on the MACD histogram for MGC is maintained & supports a bullish move is likely
MACD /
Positive momentum on the MACD histogram for MGC is maintained & supports a bullish move is likely

[BULLISH]: Mg Unit Trust currently has positive MACD of 0.0023. This means the signal line is greater than the MACD line signalling a bullish movement.

Fibonacci Fans /
Mg Unit Trust: 0.618 Fibonacci Fan ($0.46)

Mg Unit Trust: The current Fibonacci Fan levels are: (23.61%) $0.43: (38.2%) $0.45: (50%) $0.45: (61.8%) $0.46The current support levels are: (78.6%) $0.48: (100%) $0.5: (138.2%) $0.51: (161.8%) $0.53: (261.8%) $0.61: (423.61%) $0.72

Woodie Pivot Point /
Mg Unit Trust has moved below the S2 Woodie pivot point ($0.271) [Bearish]

Mg Unit Trust has broken the first Woodie support point ($0.271) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.271 & short position stoploss for Mg Unit Trust should be set at $0.281

Fibonacci Extensions /
Limit order for a long position has been identified for Mg Unit Trust @$2.93

Mg Unit Trust: The current Fibonacci Extension levels are: (23.61%) $0.27: (38.2%) $0.28: (50%) $0.28: (61.8%) $0.29The current support levels are: (78.6%) $0.3: (100%) $0.31: (138.2%) $0.32: (161.8%) $0.33: (261.8%) $0.38: (423.61%) $0.45

Simple Moving Average /
[Bullish]: SMA(15) is serving as a support line for Mg Unit Trust

[BULLISH]: Mg Unit Trust currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.0%.

MGC: Supertrend has confirmed an uptrend @0.253
Supertrend /
MGC: Supertrend has confirmed an uptrend @0.253

[BULLISH]: Mg Unit Trust has a current Supertrend of 0.253. This has change 0 points from yesterday.

Pivot Points /
Mg Unit Trust has broken the first support point ($0.272) [Bearish]

Mg Unit Trust has broken the first support point ($0.272) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.272 & short position stoploss for Mg Unit Trust should be set between $0.282 & $0.284

Mg Unit Trust: DVI(-2564)
Daily Volume Index /
Mg Unit Trust: DVI(-2564)

[BEARISH]: Mg Unit Trust (ASX:MGC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -2564.

Bull power has increased for Mg Unit Trust signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Mg Unit Trust signalling bullish conditions are likely

[BULLISH]: Mg Unit Trust Elder Ray Index is signalling a Bullish movementERI is 0.006 indicating bull power. Prices are being driven above the consensus of value for MGC during the last trading session [Buying Pressure]

Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for MGC

[BEARISH]: Mg Unit Trust currently has negative PPO -1.959%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Fibonacci Retracements /
Mg Unit Trust: 0.618 Fibonacci Retraction (0.29)

Mg Unit Trust: The current Fibonacci Retraction levels are: (23.61%) $0.27: (38.2%) $0.28: (50%) $0.28: (61.8%) $0.29The current support levels are: (78.6%) $0.3: (100%) $0.31: (138.2%) $0.32: (161.8%) $0.33: (261.8%) $0.38: (423.61%) $0.45

Aroon Oscillator /
[Downtrend]: Aroon oscillator @-32 has confirmed a downtrend for MGC

[BEARISH]: Mg Unit Trust has a current ARU(25) of 8 and a current ARD(25) of 40

MGC: Price continues to move above the SWMA(15) @$0.274
Sine Weighted Moving Average /
MGC: Price continues to move above the SWMA(15) @$0.274

[BULLISH]: Mg Unit Trust currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.0%.

Mg Unit Trust is being actively distributed based on OBV
On Balance Volume /
Mg Unit Trust is being actively distributed based on OBV

[BEARISH]: Mg Unit Trust current price has highlighted recent distribution. Currently, the OBV is -47371.2.

Demarks Pivot Points /
Mg Unit Trust: DeMark Pivot ($0.2763)

Mg Unit Trust current pivot point (DeMark) is: (R1) $0.278. The current pivot point (DeMark) is: (S1) $0.273.

Camarilla Pivot Points /
Mg Unit Trust: Look for a short limit order entry @$0.229

Mg Unit Trust has broken the first Camarilla support point ($0.229) [Bearish]. Look for a short limit order entry near this point. Exit price for MGC should be set @$0.229 & short position stoploss for Mg Unit Trust should be set between $0.321 & $0.344

Detrended Price Oscillator /
Bearish trading conditions for Mg Unit Trust has been signalled from the DPO (-0.0135)

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Price is currently below the displaced moving average for MGC. Currently, the return on DPO20 is 0.0%.

Negative momentum confirmation for Mg Unit Trust is a leading indicator for continued price falls
Momentum /
Negative momentum confirmation for Mg Unit Trust is a leading indicator for continued price falls

MGC: MOM Current Signal -> (1) 18 Jan: BEARISH CROSSOVER (2) 17 Jan: BULLISH (3) 16 Jan: BULLISH

Mg Unit Trust: Price currently within Bollinger bands
Bollinger Bands /
Mg Unit Trust: Price currently within Bollinger bands

[BULLISH]: Mg Unit Trust is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 61.55% with a current width of 8.75.

[Downtrend]: Recent trading for MGC indicates ST trend is likely to continue
Triangular Moving Average /
[Downtrend]: Recent trading for MGC indicates ST trend is likely to continue

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.0%.

Ulcer Index /
Mg Unit Trust: Ulcer Index 7.599 [High Stress]

[BULLISH]: Mg Unit Trust UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.599.

Black Candle /
MGC Basic Candle: Black

MGC: Basic Candlestick Current Signal -> (1) 18 Jan: BEARISH (2) 17 Jan: BULLISH (3) 16 Jan: BULLISH

Tricklar Trend /
Mg Unit Trust: Medium term Tricklar trend (Uptrend)

[BULLISH]: Mg Unit Trust has a Tricklar uptrend confirmation. This was confirmed through a price breakout on the Nov 7 2018.

Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for MGC.AX

Mg Unit Trust (ASX:MGC): Chaikin Oscillator Current Signal -> (1) 18 Jan: BEARISH (2) 17 Jan: BEARISH (3) 16 Jan: BEARISH

Percentage volume oscillator remains negative for MGC
Percentage Volume /
Percentage volume oscillator remains negative for MGC

[BEARISH]: Mg Unit Trust currently has negative PVO -2.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Volume MACD oscillator remains positive for MGC
MACD Volume /
Volume MACD oscillator remains positive for MGC

[BULLISH]: Mg Unit Trust currently has positive Volume MACD of 5586. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Open Tod Vs Close Tod /
Open/close reversal: Sellers have taken control during the trading day for Mg Unit Trust

[BEARISH]: Mg Unit Trust opened in the middle part of daily range at 40% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 7.7%.

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