Macquarie Telecom (MAQ.AX)
Trading: BUY @ $21.04
Signal Strength: MEDIUM
Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Macquarie Telecom (ASX:MAQ) A short term Close Reversal has formed with Macquarie Telecom which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.
The close reversal maintains the trend direction where the trend strength has deteriorated. This is evident by the loss of commitment highlighted by the lower closing price.
Calculation: Close Reversal:
1) Uptrend: Open (near high) & Close (near low) & [High] > [High Yesterday] & [Low] > [Low Yesterday] & [Close] < [Close Yesterday];
2) Downtrend: Open (near low) & Close (near high) & [High] < [High Yesterday] & [Low] < [Low Yesterday] & [Close] > [Close Yesterday]
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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