Trading indicator
Strong ReversalBacktest 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
Strong Reversal
Score
-0.2
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 4 | 119.0 | 0.50% | 1.00% | 17.6% | -7.5% | 20.2% |
| SHORT | 3 | 57.0 | 0.33% | 0.50% | 2.6% | -9.7% | -16.7% |
Summary
Technical Analysis
Macquarie Telecom (MAQ.AX)
Indicator:
JAPANESE CANDLE
Last Signal:
Trading: POSITION @ $19.91
Signal Strength: STRONG
Recommendation:
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.
Macquarie Telecom (ASX:MAQ) No strong reversal signals currently present. Previous signals for MAQ include:
[BULLISH]: Macquarie Telecom has formed a hammer reversal pattern 200 days ago on the 19 Nov 2018. MAQ has traded significantly lower than the stocks opening price, which was followed by a short term rally closing in the upper shadow of the days trading range. This indicates that the market is trying to determine the bottom of the short term downtrend.
No Bullish Engulfing formations in the last 12 months.
No Bullish Engulfing formations in the last 12 months.
No Bear Engulfing formations in the last 12 months.
[BEARISH]: Macquarie Telecom has formed a bearish Dark Cloud Cover reversal pattern 136 days ago on the 22 Jan 2019. This means, MAQ has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.
[BULLISH]: Macquarie Telecom has formed a Bullish Piercing reversal pattern 10 days ago on the 28 May 2019. This means, MAQ has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.
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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