Maca (MLD)

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Maca (MLD): Signals

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TECHNICAL ANALYSIS SUMMARY

Maca (MLD.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $1.15
Signal Strength: MEDIUM
Recommendation:

Maca (ASX:MLD) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -136. The bearish signal has been active for 36 days. During the quarter, the highest CCI value was 9.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;


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:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
MTO Moto Goldmines 2.6 8.3 43,680 -155 BEARISH
CCP Credit Corp 19.99 6 515,529 -114 BEARISH
CCV Cash Converters International 0.28 5.8 647,158 -221 BEARISH
SMN Structural Monitoring Systems 1.1 5.8 33,656 -24 BEARISH
MLX Metals X 0.49 5.4 1,505,780 -90 BEARISH
GNG GR Engineering Services 1.31 4.8 25,920 -120 BEARISH
HFR Highfield Resources 0.57 4.6 39,786 -100 BEARISH
CDV Cardinal Resources 0.46 4.5 417,540 -46 BEARISH
BSE BSE 0.25 4.2 1,266,210 -54 BEARISH
SWM Seven West Media 0.89 4.1 3,491,485 -88 BEARISH
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