What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Accumulation Distribution

Score

0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 11.6 0.48% 0.67% 6.0% -3.0% 21.3%
SHORT 28 15.6 0.50% 0.82% 5.2% -4.3% 0.0%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $0.28
Signal Strength: STRONG
Recommendation:

Macmahon (ASX:MAH) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the ADLINE is 287498. During the quarter, the highest ADLINE value was 1.01137e+006.


A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.



Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Macmahon (MAH.AX)


Stock Exchange: ASX
Company: Macmahon
Ticker Codes: | MAH.AX | ASX:MAH |

About Macmahon (ASX:MAH):

Macmahon Holdings Limited provides contract mining services to clients in Australia, New Zealand, South East Asia, Mongolia, and Africa. The company operates in three segments: Surface Mining, Underground Mining, and International Mining. It offers surface mining services, including mine planning and management, drill and blast, bulk and selective mining, crushing and screening, train loading, mining equipment usage, and mine management. The company also provides underground mining services, such as underground development and production, portal establishment, raise drilling, cable bolting, shotcreting, remote shaft lining, production drilling, and shaft sinking services. In addition, it offers engineering electrical, fabrication, infrastructure construction, and mechanical services; underground pumping and infrastructure construction services; and emergency egress systems, and conveying, crushing and materials handling systems. Further, the company provides complete on-site maintenance and plant management support services. Macmahon Holdings Limited was founded in 1963 and is headquartered in Perth, Australia.

Top 10:

Accumulation Distribution

Download
Company Close Change(%) Volume Value Signal
MSB Mesoblast 2.91 10.2 4,870,990 19,503 BULLISH
ECX Eclipx 1.54 7.3 2,538,019 2,441,722.9 BULLISH
LVH Livehire 0.23 7.1 671,481 71,615.1 BULLISH
BBN Baby Bunting 3.6 4.7 637,354 65,924.1 BULLISH
SVW Seven Holdings 21.91 4.6 1,073,717 122,978.6 BULLISH
CAJ Capitol Health 0.24 4.3 2,084,942 83,153.8 BULLISH
LOV Lovisa 12.14 4.1 186,388 36,022.9 BULLISH
DTL Data#3 4.36 3.8 426,505 145,876.8 BULLISH
RXP Rxp Services 0.56 3.7 121,824 6,781 BULLISH
APZ Aspen 1.18 3.5 360 1,270.2 BULLISH