Macquarie Telecom

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

Commodity Channel Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 62 7.1 0.56% 1.13% 2.2% -1.5% 31.5%
SHORT 60 6.6 0.52% 1.00% 1.7% -1.7% -0.7%


Technical Analysis

Macquarie Telecom (MAQ.AX)



Last Signal:


Trading: SELL @ $19.74
Signal Strength: STRONG

Macquarie Telecom (ASX:MAQ) current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is -10. During the quarter, the highest CCI value was 184. The last overbought signal occurred on May 14 2019

A bearish 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

Company Close Change(%) Volume Value Signal
CLH Collection House 1.26 0 132,179 -13 BEARISH CROSSOVER
IGL International Goldfields 2.09 0 616,361 -4 BEARISH CROSSOVER
CSR CSR 3.98 -0.5 3,070,903 -27 BEARISH CROSSOVER
MIN Mineral Resources 14.9 -0.6 1,599,691 -16 BEARISH CROSSOVER
ORI Orica 20.54 -0.8 1,897,991 -101 BEARISH CROSSOVER
RUL Runge 0.6 -1.2 132,146 -3 BEARISH CROSSOVER
QAN Qantas Airways 5.43 -1.6 21,347,536 -94 BEARISH CROSSOVER
WEB Webjet 14.69 -2.7 1,155,498 -5 BEARISH CROSSOVER
DMP Domino 38.36 -2.8 416,886 -47 BEARISH CROSSOVER
MND Monadelphous 18.6 -2.9 666,141 -79 BEARISH CROSSOVER