Australian Securities Exchange

Macmahon
+ Share

Distribution still active for Macmahon
Accumulation / Distribution /
Distribution still active for Macmahon

[BEARISH]: Macmahon (ASX:MAH) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -2.2649e+006.

The Volume MACD for MAH is losing momentum through a fall on the short term EMA
MACD Volume /
The Volume MACD for MAH is losing momentum through a fall on the short term EMA

MAH: Volume MACD Recent Trading -> (1) 14 Aug: -64764 (2) 13 Aug: -73412 (3) 10 Aug: -141594

Moving Average Envelope /
[Bullish]: Macmahon current trading has maintained the Envelope Bands to oversold status

[BEARISH]: Macmahon current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 0.2415.

Sine Weighted Moving Average /
Macmahon: Sine Weighted Moving Average(5) (0.239)

[BEARISH]: Macmahon currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -2.1%.

Demarks Pivot Points /
Macmahon: Stoploss for short position should be set between $0.2363 & $0.238

Macmahon has broken the first DeMark support point ($0.2363) [Bearish]. Look for a short limit order entry near this point. Exit price for MAH should be set @$0.2330 & short position stoploss for Macmahon should be set at $0.238

Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for MAH.AX

[BULLISH]: Macmahon current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.06. Macmahon (ASX:MAH) received a confirmed CMF crossover days on the Jul 11 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.37 occurring on the Jul 11 2018.

DPO for MAH has confirmed price is currently above the displaced moving average
Detrended Price Oscillator /
DPO for MAH has confirmed price is currently above the displaced moving average

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

Rate of Change /
Macmahon has initiated a negative rate of change of -2.083

[BEARISH CROSSOVER]: Macmahon currently has negative rate of change of -2.083%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

MAH: Price has just dropped below the Stochastic oversold limit @25
Stochastic Oscillator /
MAH: Price has just dropped below the Stochastic oversold limit @25

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

Recent trading has highlighted low Ulcer index for Macmahon
Ulcer Index /
Recent trading has highlighted low Ulcer index for Macmahon

[BEARISH]: Macmahon UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.511.

Simple Moving Average /
Macmahon: Simple Moving Average(5) (0.239)

[BEARISH]: Macmahon currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -2.1%.

Short Trend /
Recent trading indicates an downward price direction MAH [Downtrend]

[BEARISH]: Macmahon is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 2

Close Tod Vs Range Tod /
Macmahon closed in the lower part of daily range at 0%.

[BEARISH]: Macmahon sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range 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 102 trading days with the closing price in the lower part of the range giving a confirmation ratio of 38.8%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 30%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 17 days in the upper range giving a ratio of 0.5x.

A short term Pivot Reversal has formed with Macmahon
Pivot Reversal /
A short term Pivot Reversal has formed with Macmahon

[BEARISH]: A short term Pivot Reversal has formed with Macmahon which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 6 occurrences of this bar reversal giving a signal probability of 2.3%.

Macmahon: MACD @-0.0007 [Bearish]
MACD /
Macmahon: MACD @-0.0007 [Bearish]

MAH: MACD Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH CROSSOVER (3) 10 Aug: BEARISH CROSSOVER

Weighted Moving Average /
Macmahon: Weighted Moving Average(5) (0.238)

MAH: WMA Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BULLISH (3) 10 Aug: BEARISH

Momentum /
Macmahon has initiated a negative momentum of -0.005

[BEARISH CROSSOVER]: Macmahon currently has negative momentum of -0.005 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.1%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -4.8%.

Exponential Moving Average /
The EMA trend following signal is now active for Macmahon [Bearish]

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

[Fake Day]: MFI indicator is up, volume is down for Macmahon
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Macmahon

MAH: BWMF Current Signal -> (1) 14 Aug: Fake Day (2) 13 Aug: Squat Day (3) 10 Aug: Fake Day

Elders Force Index (721) has signalled buying pressure has continued for MAH
Elders Force Index /
Elders Force Index (721) has signalled buying pressure has continued for MAH

[BULLISH]: Macmahon current price has highlighted recent buying pressure. Currently, the Elders Force Index is 721.

Macmahon: Sellers were in control all day.
Open Tod Vs Close Tod /
Macmahon: Sellers were in control all day.

MAH: Open today versus close yesterday Current Signal ->(1) 14 Aug: BEARISH STRONG (2) 13 Aug: BEARISH (3) 10 Aug: BULLISH

Black Marubozu /
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.

Percentage Volume /
[Bearish]: Macmahon currently has negative PVO -6.5

[BEARISH]: Macmahon currently has negative PVO -6.5%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.1%.

Volume Rate of Change /
Positive VROC: Volume is now higher for Macmahon than 14 days ago

MAH: VROC Current Signal -> (1) 14 Aug: BULLISH CROSSOVER (2) 13 Aug: BEARISH CROSSOVER (3) 10 Aug: BULLISH

Medium Trend /
MAH: Medium term trend is still an Uptrend

[BULLISH]: Macmahon is in an uptrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 3. The highest rally for the month is 6

Traders are currently accumulating Macmahon
Daily Volume Index /
Traders are currently accumulating Macmahon

MAH: DVI Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH (3) 10 Aug: BULLISH CROSSOVER

Macmahon: Look for a short limit order entry @$0.234
Pivot Points /
Macmahon: Look for a short limit order entry @$0.234

Macmahon has broken the first support point ($0.234) [Bearish]. Look for a short limit order entry near this point. Exit price for MAH should be set @$0.232 & short position stoploss for Macmahon should be set between $0.242 & $0.244

Commodity Channel Index /
MAH.AX is no longer overbought @ 17

MAH: CCI Current Signal ->(1) 14 Aug: BULLISH CROSSUNDER (2) 13 Aug: BEARISH CROSSOVER (3) 10 Aug: NEUTRAL

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