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

Momentum Oscillator

Score

-0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 10.8 0.19% 0.22% 7.3% -3.5% -50.9%
SHORT 31 13.8 0.45% 0.67% 8.3% -4.2% 27.6%

Summary

Technical Analysis


Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.

Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];


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.

Top 10:

Momentum Oscillator

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Company Close Change(%) Volume Value Signal
ONE Oneview Healthcare 0.25 4.2 107,600 0 NEUTRAL
ARA Ariadne Australia 0.65 4 6,000 0 NEUTRAL
NBL Noni B 2.72 1.5 24,124 0 NEUTRAL
SKC Sky City Entertainment 3.63 0.3 180,315 0 NEUTRAL
NVT Navitas 5.79 0.2 248,326 0 NEUTRAL
QIN Quintis 0.3 0 0 0 NEUTRAL
SAS Sky And Space Global 0.03 0 0 0 NEUTRAL
VAH Virgin Australia Holdings 0.18 0 149,790 0 NEUTRAL
RCR RCR Tomlinson 0.87 0 0 0 NEUTRAL
RVA Reva Medical 0.17 0 0 0 NEUTRAL