Trading indicator
Range ChangeBacktest 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% |
Trading Performance
Range Change
Score
-0.2
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 82 | 5.6 | 0.46% | 0.70% | 2.1% | -1.1% | 23.3% |
| SHORT | 82 | 5.2 | 0.43% | 0.61% | 1.1% | -1.0% | -19.2% |
Summary
Technical Analysis
Macquarie Telecom (MAQ.AX)
Indicator:
RANGE CHANGE
Last Signal:
BULLISH
Trading: BUY @ $20.15
Signal Strength: WEAK
Recommendation:
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Macquarie Telecom (ASX:MAQ) sellers are becoming less eager. This is the first day sellers have decreased eagerness for MAQ reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.7300 & the greatest daily price range this year has been $3.3600. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.2x.
The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.
Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;
PROFILE: Macquarie Telecom (MAQ.AX)
Stock Exchange: ASX
Company: Macquarie Telecom
Ticker Codes: | MAQ.AX | ASX:MAQ |
Macquarie Telecom Group Limited provides telecommunication and hosting services to corporate and government customers in Australia. It offers voice services, such as fixed-line voice, unified communications, and video and Web conferencing services; managed mobility services and mobile management tools; and cloud services, including hybrid, VMWare, and private cloud services, as well as dedicated servers, colocation, managed hosting, management tools, and data center extension services. The company also provides data services, including Internet, fixed wireline Ethernet, private IP-VPN, Cisco Meraki, business NBN, international data links, SIP trunking, SaaS enabled WAN, secure remote access, and business Ethernet access. Macquarie Telecom Group Limited was founded in 1992 and is headquartered in Sydney, Australia.
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