Trading indicator
Average True RangeTrade 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% |
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
Average True Range
Score
7.4
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 1 | 522.0 | 1.00% | % | 7.4% | % | 7.4% |
Summary
Technical Analysis
Macmahon has a TR of 0.015, and an ATR(14) of 0.013.
Average true range (ATR) is a technical analysis volatility indicator originally developed by J. Welles Wilder Jr. for commodities. The indicator does not provide an indication of price trend simply the degree of price volatility.
Calculation: Average True Range (ATR):
1) Current ATR = [(Prior ATR x 13) + Current TR] / 14;
2) Where TR = max[(high-low) abs(high-close previous) abs (low-close previous)]
PROFILE: Macmahon (MAH.AX)
Stock Exchange: ASX
Company: Macmahon
Ticker Codes: | MAH.AX | 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:
Average True Range
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| IFM Infomedia | 2.15 | 16.8 | 1,445,495 | 0.1 | NEUTRAL |
| AJX Alexium International | 0.06 | 14 | 224,969 | 0.01 | NEUTRAL |
| UOS United Overseas Australia | 0.8 | 9.6 | 110,847 | 0.03 | NEUTRAL |
| MWY Midway | 1.57 | 9.4 | 91,626 | 0.07 | NEUTRAL |
| DNK Danakali | 0.57 | 8.7 | 180,001 | 0.02 | NEUTRAL |
| BEE Broo | 0.01 | 8.3 | 583,427 | 0.01 | NEUTRAL |
| MNS Milnes Holdings | 0.08 | 7.1 | 959,142 | 0.01 | NEUTRAL |
| ALK Alkane Exploration | 0.91 | 6.5 | 4,762,492 | 0.08 | NEUTRAL |
| GSW Getswift | 0.57 | 6.5 | 140,748 | 0.03 | NEUTRAL |
| ABC Adelaide Brighton | 3.06 | 6.3 | 4,642,840 | 0.13 | NEUTRAL |