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

Demark's Pivot Points

Score

-3.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 99 4.3 0.34% 0.39% 2.5% -2.4% -122.6%
SHORT 100 5.0 0.41% 0.48% 1.9% -2.4% -126.7%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

DEMARK PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Macmahon (ASX:MAH) current pivot point (DeMark) is:
(R1) $0.223.

The current pivot point (DeMark) is:
(S1) $0.218.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;


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:

Demark's Pivot Points

Download
Company Close Change(%) Volume Value Signal
EML Emerchants 4.35 13.6 7,106,370 0 BEARISH
SMN Structural Monitoring Systems 0.98 4.8 47,285 0 BEARISH
SHM Shriro 0.72 4.3 7,177 -0.01 BEARISH
SMX Sms Management & Technology 0.3 3.4 1,266 -0.01 BEARISH
DNK Danakali 0.65 3.2 124,521 -0.01 BEARISH
IPD Impedimed 0.17 3.1 1,756,283 -0.01 BEARISH
ZIM Zimbabwe Platinum Mines 11 2.8 2,697 -0.01 BEARISH
BRG Breville 16.7 2.5 355,659 -0.02 BEARISH
NAN Nanosonics 6.99 2.3 1,355,847 0 BEARISH
BFC Beston Global Food 0.1 2.1 160,952 0 BEARISH