Trading: BUY @ $0.98
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Maca (ASX:MLD) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
Acceleration bands serve as a trading envelope using an instrument’s typical volatility over a standard setting of 20 bars. The user may change the input (close) period length and multiplier factor.
Calculation: Acceleration Bands:
1) Upper band = ( High * ( 1 + 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
2) Lower band = ( Low * ( 1 – 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
3) Where Factor=0.001
PROFILE: Maca (MLD.AX)
Stock Exchange: ASX
Ticker Codes: | MLD.AX | 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.
|PNR Pacific Niugini Minerals||0.25||4.2||1,178,071||-0.55||BEARISH CROSSOVER|
|FRI Finbar International||0.84||2.4||43,436||-3.85||BEARISH CROSSOVER|
|TGR Tassal||4.95||2.1||702,069||-5.71||BEARISH CROSSOVER|
|AWC Alumina||2.72||1.9||13,342,422||-2.94||BEARISH CROSSOVER|
|ONT 1300 Smiles||6.3||1.6||2,000||-5.63||BEARISH CROSSOVER|
|IGO Independence||4.85||1.3||2,283,680||-2||BEARISH CROSSOVER|
|ILU Iluka Resources||9.58||1.2||2,167,808||-4.33||BEARISH CROSSOVER|
|GNE Genesis Energy||2.65||1.1||2,279||-1.36||BEARISH CROSSOVER|
|SEK Seek||17.15||0.9||912,929||-2.33||BEARISH CROSSOVER|
|GMA Genworth Mortgage Insurance Australia||2.48||0.8||343,691||-0.94||BEARISH CROSSOVER|