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

Close Change

Score

-2.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 102 4.8 0.30% 0.39% 2.3% -1.2% -21.4%
SHORT 101 4.3 0.33% 0.44% 0.9% -1.2% -57.1%

Summary

Technical Analysis

Macquarie Telecom (MAQ.AX)


Indicator:

PRICE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $19.74
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 keener than buyers and are driving the price down. This is the first day of price decline for MAQ adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.6 & the greatest daily negative change this year has been -5.6. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -8.4%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -3.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.900000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


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.

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