Macmahon

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Macmahon: Daily Performance (-4.9%.)

[BEARISH]: Macmahonsellers are keener than buyers and are driving the price down. This is the first day of price decline for MAH adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.9 & the greatest daily negative change this year has been -95.1. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -99.5%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -99.5%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -3.100000%

MFI Oversold signal is still current for Macmahon

MFI Oversold signal is still current for Macmahon

[BEARISH]: Macmahon (ASX:MAH) current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 15.11. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 75.32.

CMF showing selling pressure & potential change in direction for MAH.AX

[BEARISH]: Macmahon current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.7. Macmahon (ASX:MAH) received a confirmed CMF crossover days on the Feb 22 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.71 occurring on the Feb 22 2019.

Macmahon: Sellers are in control at the market close.

Macmahon: Sellers are in control at the market close.

[BEARISH]: Macmahon sellers in control. This is the first day of seller commitment for Macmahon adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 22.2%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.3x.

MAH Basic Candle: Black Marubozu

[BEARISH]: Macmahon has formed a Black Marubozu candlestick. This means, MAH has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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