MGC | Australian Securities Exchange

Mg Unit Trust
+ Share

Mg Unit Trust: 0.618 Fibonacci Retraction (0.32)
Fibonacci Retracements /
Mg Unit Trust: 0.618 Fibonacci Retraction (0.32)

Mg Unit Trust: The current Fibonacci Retraction levels are: (23.61%) $0.31: (38.2%) $0.31: (50%) $0.31: (61.8%) $0.32The current support levels are: (78.6%) $0.32: (100%) $0.33: (138.2%) $0.33: (161.8%) $0.34: (261.8%) $0.37: (423.61%) $0.41

Ulcer index has increased in stress level for Mg Unit Trust & high drawdown is expected
Ulcer Index /
Ulcer index has increased in stress level for Mg Unit Trust & high drawdown is expected

[BULLISH]: Mg Unit Trust UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.317.

Pivot Points /
[Long]: Exit price for MGC should be set @$0.313

Mg Unit Trust has broken the first resistance point ($0.313) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$0.313 & Stoploss for Mg Unit Trust should be set between $0.303 & $0.301

Triangular Moving Average /
The TMA trend following signal is still current for Mg Unit Trust [Bearish]

[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 1.6%.

Supertrend /
Mg Unit Trust: Supertrend (0.3265) has confirmed a downtrend is present

[BEARISH]: Mg Unit Trust has a current Supertrend of 0.3265

Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for MGC

[BEARISH]: Mg Unit Trust Elder Ray Index is signalling a Bearish movementERI is -0.009 indicating bear power. Prices are being driven below the consensus of value for MGC during the last trading session [Selling Pressure]

The markets willingness to move the price is likely to continue for MGC
Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for MGC

Mg Unit Trust Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MGC. Trend continuation possible for MGC from reduced trading activity.

Stochastic Oscillator /
Mg Unit Trust: Stochastic Oscillator (50)

MGC: Stochastic Oscillator Trading -> (1) 21 Nov: 50 (2) 20 Nov: 25 (3) 19 Nov: 100

Mg Unit Trust has maintained the Tricklar Uptrend
Tricklar Trend /
Mg Unit Trust has maintained the Tricklar Uptrend

MGC: Tricklar Trend Current Signal -> (1) 21 Nov: BULLISH (2) 20 Nov: BULLISH (3) 19 Nov: BULLISH

Mg Unit Trust: Camarilla Pivot ($0.308)
Camarilla Pivot Points /
Mg Unit Trust: Camarilla Pivot ($0.308)

Mg Unit Trust has broken the first Camarilla resistance point ($0.361) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$0.361 & Stoploss for Mg Unit Trust should be set between $0.259 & $0.233

Donchian Channels /
Donchian Overbought signal continues for Mg Unit Trust indicating downward price movement is likely

[BEARISH]: Mg Unit Trust is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Elders Force Index /
Elders Force Index (27) has signalled bullish conditions in recent trading for MGC

[BULLISH]: Mg Unit Trust current price has highlighted recent buying pressure. Currently, the Elders Force Index is 27.

Chaikin Money Flow /
Mg Unit Trust: CMF(0.1)

[BULLISH]: Mg Unit Trust current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.1. Mg Unit Trust (ASX:MGC) received a confirmed CMF crossover days on the Oct 26 2018. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.54 occurring on the Oct 26 2018.

Mg Unit Trust has broken the first DeMark resistance point ($0.3088) [Bullish]
Demarks Pivot Points /
Mg Unit Trust has broken the first DeMark resistance point ($0.3088) [Bullish]

Mg Unit Trust current pivot point (DeMark) is: (R1) $0.313. The current pivot point (DeMark) is: (S1) $0.308.

PPO: The shorter moving average for MGC is still below the longer term moving average
Percentage Price /
PPO: The shorter moving average for MGC is still below the longer term moving average

[BEARISH]: Mg Unit Trust currently has negative PPO -0.463%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Detrended Price Oscillator /
Mg Unit Trust: Detrended Price Oscillator(20) is -0.0088

[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 1.6%.

Woodie Pivot Point /
Mg Unit Trust has broken the first Woodie resistance point ($0.314) [Bullish]

Mg Unit Trust has broken the first Woodie resistance point ($0.314) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$0.314 & Stoploss for Mg Unit Trust should be set at $0.304

Percentage Volume /
Volume has now fallen below the short term EMA for MGC [Bearish Crossover]

[BEARISH CROSSOVER]: Mg Unit Trust currently has negative PVO -4.98%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Mg Unit Trust: Current trading activity signals DVI distribution is present
Daily Volume Index /
Mg Unit Trust: Current trading activity signals DVI distribution is present

[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 -48.

Mg Unit Trust has moved below the 161.8% extension level ($2.63) [Bullish]
Fibonacci Extensions /
Mg Unit Trust has moved below the 161.8% extension level ($2.63) [Bullish]

Mg Unit Trust: The current Fibonacci Extension levels are: (23.61%) $0.31: (38.2%) $0.31: (50%) $0.31: (61.8%) $0.32The current support levels are: (78.6%) $0.32: (100%) $0.33: (138.2%) $0.33: (161.8%) $0.34: (261.8%) $0.37: (423.61%) $0.41

Aroon Oscillator /
Mg Unit Trust: Aroon oscillator (-48) has confirmed a downtrend is present

MGC: Aroon Oscillator Current Signal -> (1) 21 Nov: BEARISH (2) 20 Nov: BEARISH (3) 19 Nov: BEARISH

Close Tod Vs Range Tod /
Daily trading for MGC indicated buyers are now in control

[BULLISH]: Mg Unit Trust buyers are in control at the market close. This is the first day of buyer commitment for Mg Unit Trust adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 20%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 2 days in the lower range giving a ratio of 1.5x.

Volume Rate of Change /
Volume rate of change(14) is now decreasing for Mg Unit Trust

[BEARISH CROSSOVER]: Mg Unit Trust currently has negative rate of change of -99%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.6%.

Bull Belt-Hold /
Mg Unit Trust: Bull Belt-Hold

[BULLISH]: Mg Unit Trust has formed a new Bull Belt-Hold reversal pattern.

Mg Unit Trust: Closing price $0.31 is below the SWMA(15) @$0.314
Sine Weighted Moving Average /
Mg Unit Trust: Closing price $0.31 is below the SWMA(15) @$0.314

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 1.6%.

The SMA trend following signal is still current for Mg Unit Trust [Bearish]
Simple Moving Average /
The SMA trend following signal is still current for Mg Unit Trust [Bearish]

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 1.6%.

Close Tod Vs Close Yest /
Closing price for MGC ($0.31) signals buyers are now keener than sellers

[BULLISH]: Mg Unit Trustbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MGC adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.9 & the greatest daily positive change this year has been 18.8. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 30.8%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.5x. Over the last month the average daily upward movement has been 1.600000%

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