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

1st timeframe trend

Score

0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 9 41.2 0.33% 0.43% 17.4% -8.2% -5.0%
SHORT 9 48.3 0.44% 0.80% 16.8% -11.2% 11.2%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

1ST TIMEFRAME TREND


Last Signal:

BEARISH


Trading: SELL @ $0.28
Signal Strength: WEAK
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Macmahon (ASX:MAH) is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position



The Tricklar short term trend indicator (T1) highlights the high points and low points associated with the individual bars. As such, successive rallies penetrating preceding high points whilst cancelling preceding lower troughs offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous Lower peaks whilst maintaining prices below the previous lower troughs indicates BEARISH trends in the second timeframe.

Calculation: Tricklar short trend (T1):
1) [BULLISH] An uptrend is a succession of higher highs and higher lows;
2) [BEARISH] A downtrend is a succession of lower highs and lower lows;


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:

1st timeframe trend

Download
Company Close Change(%) Volume Value Signal
RUL Runge 1.11 18.7 2,203,526 0 NEUTRAL
PNV Polynovo 2.83 11 8,785,749 0 NEUTRAL
ECX Eclipx 1.54 7.3 2,538,019 0 NEUTRAL
KSC K&S Corporation 1.6 6 9,657 0 NEUTRAL
PPC Peet & Company 1.35 5.9 49,499 0 NEUTRAL
PNR Pacific Niugini Minerals 0.11 5 2,749,840 0 NEUTRAL
EDE Eden Energy 0.04 4.8 3,708,423 0 NEUTRAL
WTC Wisetech Global 25 4.7 765,268 0 NEUTRAL
OPT Opthea 3.52 4.5 327,361 0 NEUTRAL
CAJ Capitol Health 0.24 4.3 2,084,942 0 NEUTRAL