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%

What indicators would you like to backtest?

Trading Performance

Bill Williams Market Index

Score

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 51 4.1 0.45% 0.66% 2.6% -3.1% -48.3%
SHORT 51 12.1 0.61% 1.35% 5.7% -6.2% 35.3%

Summary

Technical Analysis


The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.

Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;


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:

Bill Williams Market Index

Download
Company Close Change(%) Volume Value Signal
CEN Central Australian Phosphate 6.94 8.3 4,068 0 NEUTRAL
BNO Bionomics 0.15 7.4 680,092 0 NEUTRAL
EZL Euroz 1.21 7.1 86,825 0 NEUTRAL
ADH Adairs 2.06 5.6 1,149,442 0 NEUTRAL
MNS Milnes Holdings 0.21 5.1 895,452 0 NEUTRAL
TNG Tennant Creek Gold 0.12 4.3 341,928 0 NEUTRAL
ONE Oneview Healthcare 0.25 4.2 107,600 0 NEUTRAL
RBL Rib Loc 1.05 4 106,026 0 NEUTRAL
RMS Ramelius Resources 0.86 3.6 2,311,783 0 NEUTRAL
IRD Iron Road 0.06 3.5 18,500 0 NEUTRAL