Macquarie Telecom (MAQ)

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Macquarie Telecom (MAQ): Signals

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TECHNICAL ANALYSIS SUMMARY

Macquarie Telecom (MAQ.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $20
Signal Strength: STRONG
Recommendation:

Macquarie Telecom (ASX:MAQ) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is 1. During the quarter, the lowest CCI value was -214. The last oversold signal occurred on Feb 6 2019


A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;


PROFILE: Macquarie Telecom (MAQ.AX)


Stock Exchange: ASX
Company: Macquarie Telecom
Ticker Codes: | MAQ.AX | ASX:MAQ |

About Macquarie Telecom (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.

Top 10:

Commodity Channel Index

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IMD Imdex 1.21 4.3 561,356 91 BULLISH CROSSOVER
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EQT Equity Trustees 24.75 4 3,285 29 BULLISH CROSSOVER
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CGF Challenger Financial Services 7.7 3.5 2,624,869 34 BULLISH CROSSOVER
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