MGC | Australian Securities Exchange

Mg Unit Trust
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The MACD continues to rise above the signal line for MGC [Bullish]
MACD /
The MACD continues to rise above the signal line for MGC [Bullish]

[BULLISH]: Mg Unit Trust currently has positive MACD of 0.0006. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.1%.

Mg Unit Trust: Exponential Moving Average(15) (0.3217)
Exponential Moving Average /
Mg Unit Trust: Exponential Moving Average(15) (0.3217)

[BEARISH]: Mg Unit Trust currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.0%.

Elders Force Index /
Bullish conditions for MGC are likely to continue based on EFI (84)

[BULLISH]: Mg Unit Trust current price has highlighted recent buying pressure. Currently, the Elders Force Index is 84.

Close Tod Vs Range Tod /
Seller commitment has continued for Mg Unit Trust adding strength to an downtrend in the first timeframe

MGC: Close versus price range Recent Trading ->(1) 24 Sep: 0.000000000000000% (2) 21 Sep: 0.000000000000000% (3) 20 Sep: 100.000000000000000%

Daily Volume Index /
DVI: Distribution has been initiated for MGC.AX

[BEARISH CROSSOVER]: Mg Unit Trust (ASX:MGC) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -545.

Detrended Price Oscillator /
Mg Unit Trust: Detrended Price Oscillator(20) is -0.0015

[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%.

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On Balance Volume /
Confirmation of Mg Unit Trust is currently being accumulated via OBV

[BULLISH]: Mg Unit Trust current price has highlighted recent accumulation. Currently, the OBV is 3.70714e+006.

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

[BEARISH]: Mg Unit Trust UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.224.

Market movement continuation likely for MGC as a result of Fake Day
Bill Williams Market Facilitation /
Market movement continuation likely for MGC as a result of Fake Day

MGC: BWMF Current Signal -> (1) 24 Sep: Fake Day (2) 21 Sep: Squat Day (3) 20 Sep: Fake Day

Percentage Volume /
Mg Unit Trust: Percentage Volume Oscillator @-7.24 [Bearish]

MGC: PVO Current Signal -> (1) 24 Sep: BEARISH (2) 21 Sep: BEARISH CROSSOVER (3) 20 Sep: BEARISH CROSSOVER

Percentage Price /
The current price is still gaining momentum through a rise for MGC on the short term EMA.

[BULLISH]: Mg Unit Trust currently has positive PPO 0.272%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Donchian Channels /
Closing price for MGC is still below the lower Donchian Band signalling a bullish movement

[BULLISH]: Mg Unit Trust is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

14-day volume rate of change is decreasing for Mg Unit Trust
Volume Rate of Change /
14-day volume rate of change is decreasing for Mg Unit Trust

[BEARISH]: Mg Unit Trust currently has negative rate of change of -36%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

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 54.12% with a current width of 9.52.

Demarks Pivot Points /
Mg Unit Trust: DeMark Pivot ($0.3213)

Mg Unit Trust has broken the first DeMark resistance point ($0.3213) [Bullish]. Look for a long limit order entry near this point. Exit price for MGC should be set @$0.323 & Stoploss for Mg Unit Trust should be set at $0.318

Long Trend /
Mg Unit Trust has maintained the 3rd timeframe trend [Uptrend]

[BULLISH]: Mg Unit Trust is in an uptrend in the medium term timeframe.. The highest rally for the month is 16

Medium Trend /
Mg Unit Trust: Uptrend for the medium term trend is continued

[BULLISH]: Mg Unit Trust has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 29 2018.

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

MGC: Volume MACD Current Signal -> (1) 24 Sep: BULLISH (2) 21 Sep: BULLISH (3) 20 Sep: BULLISH

Mg Unit Trust is in a short term downtrend with the resistance price @$0.321
Sine Weighted Moving Average /
Mg Unit Trust is in a short term downtrend with the resistance price @$0.321

[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 0.0%.

William %R oversold signal had been maintained for Mg Unit Trust
Williams %R /
William %R oversold signal had been maintained for Mg Unit Trust

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

Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for MGC during the last trading session

[BULLISH]: Mg Unit Trust Elder Ray Index is signalling a Bullish movementERI is 0.003 indicating bull power. Prices are being driven above the consensus of value for MGC during the last trading session [Buying Pressure]

Chaikin Money Flow /
Mg Unit Trust continues negative divergence & potential shift in direction

[BEARISH]: Mg Unit Trust current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.17. Mg Unit Trust (ASX:MGC) received a confirmed CMF crossover days on the Aug 9 2018. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.6 occurring on the Aug 9 2018.

Aroon Oscillator /
Mg Unit Trust has signalled an Aroon trend present [Downtrend]

[BEARISH]: Mg Unit Trust has a current ARO(25) of -16. This has change 0 points from yesterday.

Stochastic Oscillator /
Stochastic Overbought signal had been maintained for Mg Unit Trust

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

Mg Unit Trust: Average Directional Index (27.31) has confirmed a strong trend is present
Average Directional Movement /
Mg Unit Trust: Average Directional Index (27.31) has confirmed a strong trend is present

[Trend]: ADX for MGC has confirmed a strong trend is present. Mg Unit Trust has an ATR(14) of 0.007, a DX of 31.11 & an ADX(14) of 27.31

Triangular Moving Average(15) signal continues for Mg Unit Trust indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(15) signal continues for Mg Unit Trust indicating upward price movement is likely

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

Weighted Moving Average /
Weighted Moving Average(15) signal continues for Mg Unit Trust indicating downward price movement is likely

MGC: WMA Current Signal -> (1) 24 Sep: BEARISH (2) 21 Sep: BEARISH CROSSOVER (3) 20 Sep: BULLISH

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