Mcconnell Dowell Corporation (MDC.AX)
Trading: HOLD @ $0.45
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Mcconnell Dowell Corporation (ASX:MDC) buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for MDC adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 11.3 & the greatest daily positive change this year has been 27.2. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 32.1%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 12.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.5x. Over the last month the average daily upward movement has been 6.200000%
The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Mcconnell Dowell Corporation (MDC.AX)
Stock Exchange: ASX
Company: Mcconnell Dowell Corporation
Ticker Codes: | MDC.AX | 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.
|EDE Eden Energy||0.12||21.2||35,552,313||1||BULLISH|
|RVA Reva Medical||0.24||14.3||12,478||1||BULLISH|
|BRN Brainchip Holdings||0.14||8||639,702||1||BULLISH|
|EVO Evolve Education||0.5||6.4||125,000||1||BULLISH|
|RBL Rib Loc||1.75||6.1||417,726||1||BULLISH|
|CUV Clinuvel Pharmaceuticals||19.46||5.8||43,196||1||BULLISH|
|GGG Greenland Minerals||0.08||5.1||682,839||1||BULLISH|
|AKP Audio Pixels Holdings||11.98||5||3,921||1||BULLISH|
|BDR Beadell Resources||0.06||5||4,942,937||1||BULLISH|