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

% Price Oscillator

Score

-2.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 9 26.8 0.11% 0.13% 0.7% -8.2% -64.7%
SHORT 10 50.2 0.40% 0.67% 10.2% -7.8% -5.8%

Summary

Technical Analysis

Mcconnell Dowell Corporation (MDC.AX)


Indicator:

% PRICE OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $0.355
Signal Strength: STRONG
Recommendation:

Mcconnell Dowell Corporation (ASX:MDC) currently has negative PPO -2.847%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Price Oscillator (PPO) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average.

Calculation: Percentage Price Oscillator (PPO):
1) PPO Line: {(12-day EMA - 26-day EMA)/26-day EMA} x 100;
2) Signal Line: 9-day EMA of PPO;
3) Histogram: PPO - Signal Line;


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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