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

MACD

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 17.8 0.55% 1.00% 6.5% -3.5% 33.6%
SHORT 21 18.5 0.52% 1.00% 6.7% -4.6% 23.3%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

MACD


Last Signal:

BEARISH


Trading: SELL @ $0.275
Signal Strength: STRONG
Recommendation:

Macmahon (ASX:MAH) currently has negative MACD of -0.0037. This means the signal line is less than the MACD line signalling a bearish movement.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;


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:

MACD

Download
Company Close Change(%) Volume Value Signal
BOC Bougainville Copper 0.32 6.7 10,000 -0.01 BEARISH
OCL Objective Corporation 6.3 5.9 42,263 -0.02 BEARISH
CGS Cogstate 0.5 5.3 57,403 0 BEARISH
PRU Perseus Mining 1.13 5.1 6,277,351 -0.01 BEARISH
DTL Data#3 4.2 4 1,089,201 -0.01 BEARISH
CDA Codan 7.82 3.7 342,502 -0.04 BEARISH
NMT Neometals 0.19 2.7 184,530 0 BEARISH
MLD Maca 1 2.6 372,845 0 BEARISH
OFX Ozforex 1.4 2.6 457,809 0 BEARISH
BKY Berkeley Resources 0.21 2.5 21,037 0 BEARISH