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

Bollinger Bands

Score

-0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 11.0 0.22% 0.26% 7.3% -3.4% -40.4%
SHORT 32 14.3 0.38% 0.55% 10.1% -3.6% 41.1%

Summary

Technical Analysis


The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


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:

Bollinger Bands

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Company Close Change(%) Volume Value Signal
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BRN Brainchip Holdings 0.05 4.5 1,366,441 -0.26 BEARISH
BFC Beston Global Food 0.12 4.3 385,290 -1.14 BEARISH
ONE Oneview Healthcare 0.25 4.2 107,600 -7.7 BEARISH
IRD Iron Road 0.06 3.5 18,500 -16.57 BEARISH
CDV Cardinal Resources 0.38 2.7 68,845 -3.14 BEARISH
ERA Energy Resources Of Australia 0.2 2.6 45,870 -26.52 BEARISH
BWX BWX 1.64 2.5 656,613 -28.93 BEARISH
LVH Livehire 0.41 2.5 140,665 -34.08 BEARISH