Macmahon (MAH)

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Macmahon (MAH): Signals

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TECHNICAL ANALYSIS SUMMARY

Macmahon (MAH.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.26
Signal Strength: MEDIUM
Recommendation:

Macmahon (ASX:MAH) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 10057.


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 daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [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:

Daily Volume Index

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Company Close Change (%) Volume Value Signal
CTD Corporate Travel Management 28.81 14.7 1,727,133 2,699 BULLISH
NWH NRW 2.28 9.6 3,181,761 10,085 BULLISH
NEA Nearmap 2.57 7.5 3,461,849 11,180 BULLISH
GOR Gold Road Resources 0.85 6.3 2,511,753 30,645 BULLISH
SLR Silver Lake Resources 0.68 6.3 5,503,241 15,710 BULLISH
PRU Perseus Mining 0.44 6 5,131,036 9,389 BULLISH
CIA Champion Iron 1.59 5.7 299,939 521 BULLISH
BSA Broadcast Services Australia 0.29 5.6 67,709 450 BULLISH
FMG Fortescue Metals 6.69 5.4 22,842,445 127,990 BULLISH
SGM Sims 11.66 4.7 1,667,336 6,561 BULLISH
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