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%

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Trading Performance

Ulcer Index

Score

0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 85.3 0.63% 1.67% 15.0% -17.9% 21.1%
SHORT 8 4.8 0.75% 1.00% 0.9% -1.1% -1.3%

Summary

Technical Analysis

Macmahon (MAH.AX)


Indicator:

ULCER INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.205
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) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 11.477.



A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.

Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;


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:

Ulcer Index

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Company Close Change(%) Volume Value Signal
CSV CSG 0.17 26.9 1,235,815 0.86 BULLISH
ADA Adacel Technologies 0.68 22.5 435,672 4.47 BULLISH
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MOY Millennium Minerals 0.07 15.8 5,801,793 2.12 BULLISH
AJM Altura Mining 0.11 14.6 11,815,602 4.52 BULLISH
BOC Bougainville Copper 0.12 9.1 27,100 2.84 BULLISH
CII Ci Resources 1.5 8.7 25,410 2.87 BULLISH
APD Apn Property 0.51 8.6 192,400 1.98 BULLISH