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

Macmahon
+ Share

Recent trading for Macmahon has surpassed the previous volume by 46.0
Volume /
Recent trading for Macmahon has surpassed the previous volume by 46.0

[BULLISH]: Macmahon current volume uptrend in the first timeframe. Volume for MAH is 975175 (46.0).

Volume & Money Flow Index are up confirming a Green Day for MAH
Bill Williams Market Facilitation /
Volume & Money Flow Index are up confirming a Green Day for MAH

MAH: BWMF Current Signal -> (1) 19 Jun: Green Day (2) 18 Jun: Squat Day (3) 15 Jun: Fake Day

Momentum /
Momentum(5) is now increasing for Macmahon

[BULLISH CROSSOVER]: Macmahon currently has positive momentum of 0.005. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 2.4%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 4.7%.

Daily Volume Index /
DVI: Accumulation still active for Macmahon

[BULLISH]: Macmahon current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 2473.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for MAH has moved to the lower limit. Stoploss should be positioned @$0.26

Macmahon: The current Fibonacci Extension levels are: (23.61%) $0.21: (38.2%) $0.21: (50%) $0.21: (61.8%) $0.22The current support levels are: (78.6%) $0.22: (100%) $0.23: (138.2%) $0.23: (161.8%) $0.24: (261.8%) $0.27: (423.61%) $0.31

Open Tod Vs Close Tod /
Macmahon: Buyers have taken control.

[BULLISH]: Macmahon opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 15 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 5.7%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 16.7%.

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Simple Moving Average /
The SMA trend following signal is still current for Macmahon [Bullish]

MAH: SMA(5) Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BEARISH

Closing price for MAH is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for MAH is still below the lower envelope signalling a bullish movement

[BULLISH]: Macmahon current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.1995.

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

[BULLISH]: Macmahon has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Volume Rate of Change /
Macmahon: Volume of Change (14) Crossover

[BULLISH CROSSOVER]: Macmahon currently has positive volume of change of 37%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.4%.

MACD /
MACD for Macmahon continues to lose momentum @-0.0009

[BEARISH]: Macmahon currently has negative MACD of -0.0009. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.1%.

Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 17.4%

MAH: Recent performance signals ->(1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: NEUTRAL

CCI has stabilized for MAH
Commodity Channel Index /
CCI has stabilized for MAH

MAH: CCI Current Signal ->(1) 19 Jun: BEARISH CROSSUNDER (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH CROSSOVER

Macmahon currently has negative PPO -0.463
Percentage Price /
Macmahon currently has negative PPO -0.463

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

On Balance Volume /
Macmahon: Current trading activity OBV signals distribution is present

[BEARISH]: Macmahon current price has highlighted recent distribution. Currently, the OBV is -7.89494e+006.

Pivot Points /
Macmahon has broken the first resistance point ($0.219) [Bullish]

Macmahon has broken the first resistance point ($0.219) [Bullish]. Look for a long limit order entry near this point. Exit price for MAH should be set @$0.222 & Stoploss for Macmahon should be set between $0.202 & $0.199

Accumulation / Distribution /
Confirmation of Macmahon is currently being distributed

[BEARISH]: Macmahon current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -9.299e+006.

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

[BULLISH]: Macmahon currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 2.4%.

Macmahon: Look for a long limit order entry @$0.221
Woodie Pivot Point /
Macmahon: Look for a long limit order entry @$0.221

Macmahon has broken the first Woodie resistance point ($0.221) [Bullish]. Look for a long limit order entry near this point. Exit price for MAH should be set @$0.223 & Stoploss for Macmahon should be set at $0.203

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

[BULLISH]: Macmahon currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2.4%.

Close Tod Vs Range Tod /
Macmahon: Buyers are in control at the market close.

[BULLISH]: Macmahon buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Macmahon 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 85 trading days with the closing price in the upper part of the range giving a confirmation ratio of 32.3%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 41.7%. Currently this quarter, closing price has spent 15 days in the upper price range compared to 28 days in the lower range giving a ratio of 0.5x.

Closing Price /
Macmahon: Daily closing price is $0.215 [Bullish]

[BULLISH]: Macmahon current uptrend in the first timeframe. Currently, the Close is $0.215.

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Macmahon

[BEARISH]: Macmahon UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.644.

Percentage Volume /
Percentage volume oscillator remains negative for MAH

[BEARISH]: Macmahon currently has negative PVO -14.42%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 2.4%.

Macmahon: Volume MACD @-128032 [Bearish]
MACD Volume /
Macmahon: Volume MACD @-128032 [Bearish]

[BEARISH]: Macmahon currently has negative Volume MACD of -128032. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Price is now above the displaced moving average for MAH [Bullish]
Detrended Price Oscillator /
Price is now above the displaced moving average for MAH [Bullish]

[BULLISH]: Macmahon currently has a confirmed uptrend. Price is currently above the displaced moving average for MAH. Currently, the return on DPO20 is 2.4%.

Exponential Moving Average /
[Bullish]: EMA(5) is serving as a support line for Macmahon

[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 2.4%.

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