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

Chaikin Money Flow

Score

0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 16 19.9 0.44% 0.70% 8.5% -4.0% 19.1%
SHORT 15 28.5 0.47% 0.58% 8.7% -4.6% 5.3%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

CHAIKIN MONEY FLOW


Last Signal:

BULLISH


Trading: HOLD @ $0.28
Signal Strength: MEDIUM
Recommendation:

Macmahon (ASX:MAH) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.35. MAH.AX received a confirmed CMF crossover days on the Nov 20 2019. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.71 occurring on the Nov 20 2019.


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.

Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.

Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of 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:

Chaikin Money Flow

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