Technical analysis from Macmahon (MAH.AX.AX, ASX:MAH.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Macmahon
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Buyers continue to be keener than sellers for Macmahon & are driving the price up.
Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Macmahon & are driving the price up.

[BULLISH]: Macmahonbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for MAH adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.2 & the greatest daily positive change this year has been 2.2. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 31.8%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4.3%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 1.3x. Over the last month the average daily upward movement has been 2.2%

Macmahon: Daily opening price is $0.235
Opening Price /
Macmahon: Daily opening price is $0.235

MAH: OPEN Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: BULLISH (3) 09 Jan: NEUTRAL

Momentum /
Momentum(5) is increasing for Macmahon

[BULLISH]: Macmahon currently has positive momentum of 0.01. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 2.1%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 4.3%%.

Coles Reaction Day /
Macmahon: Coles reaction day has been confirmed

Macmahon: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for MAH

Exponential Moving Average /
Macmahon: Closing price $0.24 is above the EMA(5) @$0.234807

[BULLISH]: Macmahon currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.1%.

Range Tod Vs Range Yest /
Macmahon: Range Performance (200)

MAH: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

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Low Price /
Macmahon has failed to achieve a lower low of $0.23 (-2.1 %)

[BULLISH]: Macmahon current downtrend in the first timeframe. Currently, the Low is $0.23 (-2.1 %).

MAH Basic Candle: Long White
Long White Candle /
MAH Basic Candle: Long White

[BULLISH]: Macmahon has formed a Long White candlestick. This means, MAH has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Macmahon has broken above the 161.8% extension level ($0) [Bearish]
Fibonacci Extensions /
Macmahon has broken above the 161.8% extension level ($0) [Bearish]

Macmahon has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for MAH should be set @$0 & short position stoploss for Macmahon should be set at $0

Triangular Moving Average /
The TMA trend following signal is still current for Macmahon [Bullish]

[BULLISH]: Macmahon currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.1%.

Stochastic Oscillator /
Macmahon is still overbought with the Stochastic Oscillator @83.3

MAH: Stochastic Oscillator Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH CROSSUNDER

Chaikin Money Flow /
Macmahon continues positive divergence & potential shift in direction

[BULLISH]: Macmahon current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.18. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.25

The MFI for MAH has returned to normal money flow
Money Flow Index /
The MFI for MAH has returned to normal money flow

[NEUTRAL]: Macmahon current trading price has closed out money flow index oversold status and signalled the initiation of normal trading conditions. Currently, the MFI is 37.19. The previous bullish signal was active for 0 day. During the quarter, the lowest MFI value was 20.11.

Macmahon has moved below the S1 Woodie pivot point ($0.233) [Bearish]
Woodie Pivot Point /
Macmahon has moved below the S1 Woodie pivot point ($0.233) [Bearish]

Macmahon has broken the first Woodie support point ($0.233) [Bearish]. Look for a short limit order entry near this point. Exit price for MAH should be set @$0.224 & short position stoploss for Macmahon should be set at $0.254

Closing Price /
Macmahon: Closing price is $0.24 (2.1 %)

[BULLISH]: Macmahon current uptrend in the first timeframe. Currently, the Close is $0.24.

MACD /
MACD for Macmahon continues to gain momentum @0.000000

[BULLISH]: Macmahon currently has positive MACD of 0.000000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 4.3%.

Medium Trend /
Macmahon: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Macmahon is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 173. The highest rally for the month is 8

Relative Strength overbought signal has just been neutralized for Macmahon
Relative Strength Index /
Relative Strength overbought signal has just been neutralized for Macmahon

MAH: RSI Current Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH CROSSOVER

Bullish trading conditions for Macmahon has been signalled from the DPO (0.0235)
Detrended Price Oscillator /
Bullish trading conditions for Macmahon has been signalled from the DPO (0.0235)

[BULLISH]: Macmahon currently has a confirmed uptrend. Price is currently above the displaced moving average for MAHCurrently, the return on DPO20 is 2.1%.

MAH: Current trading activity signals accumulation is active
Accumulation / Distribution /
MAH: Current trading activity signals accumulation is active

[BULLISH]: Macmahon current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Williams %R /
William %R overbought signal has just been neutralized for Macmahon

[BULLISH]: Macmahon is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Percentage Volume /
Macmahon: Percentage Volume Oscillator (-2.5)

[BEARISH CROSSOVER]: Macmahon currently has negative PVO -2.5%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 4.3%.

Price Range /
Macmahon: Daily price tange is $0.015 [Increasing Range]

[BULLISH]: Macmahon current uptrend in the first timeframe. Currently, the Range is $0.015.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Macmahon [Bullish]

MAH: SWMA Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH CROSSOVER

High for MAH has surpassed the high of the previous trading session
High Price /
High for MAH has surpassed the high of the previous trading session

[BULLISH]: Macmahon current uptrend in the first timeframe. Currently, the HIGH is 2.1 %.

Macmahon has moved below the S1 Camarilla pivot point ($0.22) [Bearish]
Camarilla Pivot Points /
Macmahon has moved below the S1 Camarilla pivot point ($0.22) [Bearish]

Macmahon has broken the first Camarilla support point ($0.22) [Bearish]. Look for a short limit order entry near this point. Exit price for MAH should be set @$0.2 & short position stoploss for Macmahon should be set between $0.28 & $0.3

Open Tod Vs Close Tod /
Macmahon: Buyers have lost commitment.

[BULLISH WEAK]: Macmahon opened in the lower part of daily range at 33.3% & closed in the middle part of the trading range at 66.7%. This suggests the buyers have lost commitment. Over the last 12 months there has been 12 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 4.6%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 12.5%.

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