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

Supertrend

Score

0

No data available.

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

Supertrend


Last Signal:

BULLISH


Trading: BUY @ $0.24
Signal Strength: STRONG
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) has a current Supertrend of 0.2075. This has change 0.0075 points from yesterday.



The Supertrend is a trend following indicator which identifies uptrends and downtrends. The SuperTrend indicator is calculated utilising the ATR to offset the indicator from the common price. Before understanding the supertrend indicator, understanding the ATR is essential as super trend employs ATR values to calculate the indicator values. This indicator fluctuates above and below 0 signalling the current direction of the trend. This is a lagging trend indicator that assists in defining trend directions does not perform well in ranging markets.

Calculation: Supertrend (SUP) :
1) Basic Upper band = (High + Low) / 2 + Multiplier * ATR;
2) Basic Lower band = (High + Low) / 2 - Multiplier * ATR
3) Final Upper band = IF((Basic Upper band < Final Upper band(yest)) OR (Close(yest) > Previous Final Upper band(yest))) THEN (Basic Upper band) ELSE Final Upper band(yest));
4) Final Lower band = IF((Basic Lower band > Final Lowerband (yest)) OR (Close(yest) < Final Lower band(yest))) THEN (Basic Lower band) ELSE Final Lower band(yest));
5) Supertrend = IF(Close <= Final Upper band ) THEN Final Upper band ELSE Final Lower band;
Where Multiplier = 3; Period=14


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.

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