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%

What indicators would you like to backtest?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder's Force Index

Score

0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 24 17.3 0.63% 0.94% 4.2% -3.0% 14.9%
SHORT 25 13.9 0.64% 1.07% 3.1% -1.8% 22.3%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

NEUTRAL


Trading: HOLD @ $0.18
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)


Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;


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:

Elder's Force Index

Download
Company Close Change(%) Volume Value Signal
NEC Nine Entertainment 1.95 8 11,923,272 -2,388 BEARISH
OMH OM Holdings 0.68 7.9 108,965 -12,294 BEARISH
FLT Flight Centre 47.14 7.5 819,161 -2,368 BEARISH
SDF Steadfast 3.81 7 5,307,131 -300 BEARISH
MCY Mighty River Power 5.05 6.8 10,062 -2,260 BEARISH
URF Us Masters Residential Property Fund 0.8 6.7 48,505 -33,583 BEARISH
RUL Runge 0.58 5.5 247,983 -305 BEARISH
NWH NRW 2.31 5.5 3,242,048 -21,265 BEARISH
BBN Baby Bunting 3 5.3 656,834 -1,610 BEARISH
IFN IFN 0.53 5 2,400,035 -460 BEARISH