Mg Unit Trust

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CCI has stabilized for MGC.AX

[NEUTRAL]: Mg Unit Trust current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 62. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 222.

This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -100.4%

This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -100.4%

[BEARISH]: Mg Unit Trustsellers are keener than buyers and are driving the price down. This is the first day of price decline for MGC adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.1 & the greatest daily negative change this year has been -99.3. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -100.4%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -100.4%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.700000%

[BEARISH]: Mg Unit Trust currently has negative PVO -2.12%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Mg Unit Trust continues positive divergence & potential shift in direction

Mg Unit Trust continues positive divergence & potential shift in direction

[BULLISH]: Mg Unit Trust current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.31. Mg Unit Trust (ASX:MGC) received a confirmed CMF crossover days on the Feb 19 2020. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.33 occurring on the Feb 19 2020.

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