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 Rate of Change

Score

1.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 87 5.0 0.57% 1.09% 2.5% -1.7% 44.2%
SHORT 87 5.3 0.67% 1.49% 3.0% -1.8% 100.8%

Summary

Technical Analysis

Maca (MLD.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $0.965
Signal Strength: MEDIUM
Recommendation:

Maca (ASX:MLD) currently has positive volume of change of 9%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum.

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


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];


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 Rate of Change

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EWC Energy World Corporation 0.08 10.8 945,847 41 BULLISH
PNV Polynovo 1.4 9.8 3,261,201 95 BULLISH
IPD Impedimed 0.12 9.5 2,638,079 45 BULLISH
CAJ Capitol Health 0.22 7.3 466,982 7 BULLISH
MNF My Net Fone 3.73 7.2 55,752 58 BULLISH
CLQ Clean Teq Holdings 0.32 6.7 1,263,824 9 BULLISH
BSL Bluescope Steel 11.73 6.5 4,817,859 30 BULLISH
NAN Nanosonics 5.6 5.7 3,678,008 364 BULLISH
SFR Sandfire Resources 6.67 5.5 1,218,623 113 BULLISH
MVF Monash IVF 1.46 5.4 1,302,784 1,455 BULLISH