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

Money Flow Index

Score

0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 3 34.7 0.67% 1.00% 10.0% -3.6% 12.7%
SHORT 2 304.5 0.50% 1.00% 12.2% -5.0% 7.2%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

MONEY FLOW INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.25
Signal Strength: MEDIUM
Recommendation:

Macmahon (ASX:MAH) current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 95.65. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 16.51.


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.


Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.

Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)


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:

Money Flow Index

Download
Company Close Change(%) Volume Value Signal
OCL Objective Corporation 6.79 4.6 57,707 85.16 BULLISH
TWR Tower 0.73 4.3 6,586 86.78 BULLISH
APD Apn Property 0.63 3.3 115,442 93.5 BULLISH
AFL ASX 50 0.18 2.9 105,500 94.05 BULLISH
FSA FSA 1.26 2.4 900 87.98 BULLISH
PPH Pan Pharmaceuticals 3.87 1.8 133,420 95.66 BULLISH
QAN Qantas Airways 7.25 1.5 4,378,053 82.48 BULLISH
SNZ Summerset Holdings 7.36 0.5 200 85.98 BULLISH
PSQ Pacific Smiles 1.68 0 0 83.45 BULLISH
ADA Adacel Technologies 0.6 0 466,805 90.33 BULLISH