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%

What indicators would you like to backtest?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Acceleration Bands

Score

-1.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 12.7 0.40% 0.50% 3.5% -3.6% -29.8%
SHORT 20 25.4 0.35% 0.50% 6.0% -7.4% -61.4%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

ACCELERATION BANDS


Last Signal:

BULLISH


Trading: BUY @ $0.18
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Macmahon (ASX:MAH) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.



Acceleration bands serve as a trading envelope using an instrument’s typical volatility over a standard setting of 20 bars. The user may change the input (close) period length and multiplier factor.

Calculation: Acceleration Bands:
1) Upper band = ( High * ( 1 + 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
2) Lower band = ( Low * ( 1 – 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
3) Where Factor=0.001


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:

Acceleration Bands

Download
Company Close Change(%) Volume Value Signal
SOM Somnomed 2.1 13.5 18,826 -3.31 BEARISH CROSSOVER
SXY Senex Energy 0.37 4.3 8,839,656 -1 BEARISH CROSSOVER
INA Ingenia Communities 3.75 4.2 580,438 -4 BEARISH CROSSOVER
KMD Kathmandu 2.46 4.2 107,512 -5.78 BEARISH CROSSOVER
CGS Cogstate 0.2 2.6 16,000 -0.89 BEARISH CROSSOVER
PPH Pan Pharmaceuticals 2.91 2.1 81,473 -7.2 BEARISH CROSSOVER
VRL Village Roadshow 2.46 2.1 102,290 -4.6 BEARISH CROSSOVER
FLN Freelancer 0.8 1.9 52,358 -1.08 BEARISH CROSSOVER
DCG Decmil 0.85 1.8 434,796 -0.55 BEARISH CROSSOVER
DOW Downer EDI 7.67 1.6 2,434,785 -1.58 BEARISH CROSSOVER