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

Donchian Channels

Score

-1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 22.7 0.17% 0.20% 3.8% -4.2% -34.5%
SHORT 13 35.2 0.31% 0.44% 11.0% -3.3% 14.1%

Summary

Technical Analysis


The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


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:

Donchian Channels

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Company Close Change(%) Volume Value Signal
SDA Speedcast International 1.92 6.7 5,078,109 -40.52 BEARISH
ALK Alkane Exploration 0.42 6.4 713,328 -2.38 BEARISH
AFL ASX 50 0.2 5.4 164,523 -12.5 BEARISH
CUV Clinuvel Pharmaceuticals 32.81 5.2 256,141 -9.41 BEARISH
SHM Shriro 0.57 3.6 24,015 -5 BEARISH
CVC CVC 2.45 3.4 5,442 -23.53 BEARISH
PLS Pilbara Minerals 0.49 3.2 6,956,756 -36 BEARISH
PNR Pacific Niugini Minerals 0.17 3.1 5,342,397 -21.43 BEARISH
AWC Alumina 2.31 3.1 13,808,441 -2.94 BEARISH
CAT Catuity 1.08 2.9 252,996 -25 BEARISH