What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Strong Reversal

Score

0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 93.5 0.25% 0.33% 10.3% -15.3% -35.7%
SHORT 4 132.5 0.75% 3.00% 17.5% -4.6% 48.0%

Summary

Technical Analysis

Maca (MLD.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $0.935
Signal Strength: STRONG
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Maca (ASX:MLD) No strong reversal signals currently present. Previous signals for MLD include:


No Bullish Engulfing formations in the last 12 months


No Bullish Engulfing formations in the last 12 months.


[BULLISH]: Maca has formed a Bullish Engulfing reversal pattern 224 days ago on the 08 Mar 2019. This means, MLD has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.


[BEARISH]: Maca has formed a Bearish Engulfing reversal pattern 71 days ago on the 08 Aug 2019. This means, MLD has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.


[BEARISH]: Maca has formed a bearish Dark Cloud Cover reversal pattern 25 days ago on the 23 Sep 2019. This means, MLD has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.


No Piercing Pattern formations in the last 12 months.


PROFILE: Maca (MLD.AX)


Stock Exchange: ASX
Company: Maca
Ticker Codes: | MLD.AX | ASX:MLD |

About Maca (ASX:MLD):

MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.

Top 10:

Strong Reversal

Download
Company Close Change(%) Volume Value Signal
DNA Donaco International 0.08 20.3 5,689,315 0 NEUTRAL
BOC Bougainville Copper 0.12 20 116,647 0 NEUTRAL
RCT Reef Casino 2.45 8.9 906 0 NEUTRAL
EVO Evolve Education 0.13 8.7 2,297,541 0 NEUTRAL
EOS Electro Optic Systems Holdings 7.23 8.2 392,340 0 NEUTRAL
OPT Opthea 3.58 7.5 405,885 0 NEUTRAL
BVS Bravura Solutions 4.03 7.2 3,476,269 0 NEUTRAL
GNG GR Engineering Services 0.82 7.2 8,204 0 NEUTRAL
TBR Tribune Resources 8.48 5.7 39,305 0 NEUTRAL
MLX Metals X 0.19 5.7 27,399,163 0 NEUTRAL