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

Bollinger Bands



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 36 10.3 0.19% 0.23% 4.8% -3.3% -68.7%
SHORT 37 11.5 0.19% 0.22% 8.3% -2.5% -22.0%


Technical Analysis

Maca (MLD.AX)



Last Signal:


Trading: SELL @ $0.975
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 Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 6.59% with a current width of 4.8.

The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


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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Bollinger Bands

Company Close Change(%) Volume Value Signal
AHG Advance Healthcare 2.78 0 283,684 -2.68 BEARISH CROSSOVER
FRI Finbar International 0.86 -0.6 14,618 -5.95 BEARISH CROSSOVER
ISU Iselect 0.63 -0.8 364,754 -5.8 BEARISH CROSSOVER
SXL Southern Cross Media 1.25 -0.8 2,558,195 -4.89 BEARISH CROSSOVER
APZ Aspen 0.99 -1 139,439 -7.45 BEARISH CROSSOVER
DMP Domino 38.73 -1.1 335,675 -11.24 BEARISH CROSSOVER
PGC Paragon Care 0.43 -1.1 435,928 -3.41 BEARISH CROSSOVER
CDP Carindale Property Trust 6.67 -1.2 8,245 -33.32 BEARISH CROSSOVER
CSR CSR 3.91 -1.3 2,744,957 -14.53 BEARISH CROSSOVER
QAN Qantas Airways 5.47 -1.3 7,312,984 -8.23 BEARISH CROSSOVER