Mcconnell Dowell Corporation

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

Strong Reversal

Score

1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 3 96.3 0.33% 0.50% 45.0% -7.3% 30.5%
SHORT 4 98.0 1.00% % 33.8% % 135.2%

Summary

Technical Analysis

Mcconnell Dowell Corporation (MDC.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $0.39
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.


Mcconnell Dowell Corporation (ASX:MDC) No strong reversal signals currently present. Previous signals for MDC include:


[BULLISH]: Mcconnell Dowell Corporation has formed a hammer reversal pattern 315 days ago on the 13 Jul 2018. MDC 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]: Mcconnell Dowell Corporation has formed a bearish Dark Cloud Cover reversal pattern 28 days ago on the 26 Apr 2019. This means, MDC 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]: Mcconnell Dowell Corporation has formed a Bullish Piercing reversal pattern 50 days ago on the 04 Apr 2019. This means, MDC 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: Mcconnell Dowell Corporation (MDC.AX)


Stock Exchange: ASX
Company: Mcconnell Dowell Corporation
Ticker Codes: | MDC.AX | ASX:MDC |

About Mcconnell Dowell Corporation (ASX:MDC):

Medlab Clinical Limited, a medical research and development facility, engages in nutraceutical products and pharmaceutical research businesses in Australia. The company develops bio-therapeutics for chronic kidney diseases, pre-diabetes/obesity, depression, musculoskeletal muscle loss associated with ageing, and non-opioid pain management. It also provides nutraceuticals for anti-inflammatory, cardiovascular support, endocrine support, gastrointestinal support, immunological support, infants and toddlers, metabolic support, musculoskeletal support, neurological support, sports performance, urogenital support, and weight management, as well as for men, pregnancy, seniors, teenagers, and women support. The company has a strategic alliance with Heritage Brands Limited to develop and market its products for the pharmacy retail channel. Medlab Clinical Limited was founded in 2012 and is based in Alexandria, Australia.

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