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

% Volume Oscillator

Score

0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 25 13.6 0.56% 1.08% 4.7% -3.6% 19.1%
SHORT 26 16.0 0.62% 1.33% 6.5% -2.9% 69.7%

Summary

Technical Analysis

Maca (MLD.AX)


Indicator:

% VOLUME OSCILLATOR


Last Signal:

BULLISH


Trading: HOLD @ $0.975
Signal Strength: MEDIUM
Recommendation:

Maca (ASX:MLD) currently has positive PVO 2.89%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -4.9%.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO) it is shown with a signal line a histogram and a centreline.

Calculation: Percentage Volume Oscillator (PVO):
1) Percentage Volume Oscillator (PVO): ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100;
2) Signal Line: 9-day EMA of PVO; 3) Histogram: PVO - Signal Line;


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.

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% Volume Oscillator

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Company Close Change(%) Volume Value Signal
SLR Silver Lake Resources 1.06 12.2 14,972,183 27.78 BULLISH
EWC Energy World Corporation 0.07 12.1 682,263 7.41 BULLISH
AQZ Alliance Aviation Services 2.5 10.1 242,935 9.55 BULLISH
SXY Senex Energy 0.31 8.8 4,717,831 17.68 BULLISH
TZN Terramin Australia 0.08 6.7 7,645 34.08 BULLISH
IFM Infomedia 1.78 4.1 357,474 4.78 BULLISH
IMF IMF 2.8 3.7 150,655 24.73 BULLISH
GUD Gud Holdings 10.1 3.7 567,527 16.83 BULLISH
SSM Service Stream 2.66 3.5 2,406,020 22.28 BULLISH
NWS News Corporation 18.47 3.4 233,910 8.64 BULLISH