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

Commodity Channel Index

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 51 8.6 0.57% 1.00% 3.5% -3.3% 4.5%
SHORT 51 7.5 0.67% 1.13% 2.4% -2.2% 15.1%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.24
Signal Strength: MEDIUM
Recommendation:

Macmahon (ASX:MAH) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 268. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -223.


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.


The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;


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:

Commodity Channel Index

Download
Company Close Change(%) Volume Value Signal
BOC Bougainville Copper 0.31 10.9 36,500 -222 BULLISH
PRU Perseus Mining 1.06 6.6 17,925,639 1 BULLISH
NZM Nzme 0.38 5.6 39,889 -144 BULLISH
MLX Metals X 0.11 4.8 2,503,806 72 BULLISH
BPT Beach Petroleum 2.4 3.9 6,571,550 -251 BULLISH
COE Cooper Energy 0.55 3.8 2,001,997 38 BULLISH
SIV Silver Chef 0.7 3.7 43,551 75 BULLISH
MGX Mount Gibson Iron 0.85 3.7 1,799,317 224 BULLISH
MFG Magellan Financial 50.87 3.6 449,161 62 BULLISH
PNV Polynovo 1.76 3.5 2,409,972 57 BULLISH