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

Cole's Reaction Day

Score

-1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 21.7 0.46% 0.71% 5.4% -5.0% -20.6%
SHORT 25 8.4 0.52% 0.68% 2.1% -3.6% -40.8%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

COLES RALLY DAY


Last Signal:

BULLISH


Trading: BUY @ $0.24
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Macmahon (ASX:MAH): Coles Rally Day (HH)



Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.

Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday


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:

Cole's Reaction Day

Download
Company Close Change(%) Volume Value Signal
GNG GR Engineering Services 0.84 7 41,788 1 BULLISH
PRU Perseus Mining 1.06 6.6 17,925,639 1 BULLISH
ADH Adairs 2.28 5.6 2,816,407 1 BULLISH
ABC Adelaide Brighton 3.5 5.1 2,474,117 1 BULLISH
IMD Imdex 1.65 4.8 494,919 1 BULLISH
TGA Thorn 0.23 4.5 122,126 1 BULLISH
GGG Greenland Minerals 0.13 4.2 1,523,759 1 BULLISH
ING Inghams 3.34 4 1,069,789 1 BULLISH
MFG Magellan Financial 50.87 3.6 449,161 1 BULLISH
CNI Centuria Capital 2.09 3.5 1,082,231 1 BULLISH