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

Stochastic Oscillator



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 36 9.4 0.36% 0.57% 4.1% -2.7% -8.6%
SHORT 37 12.1 0.43% 0.73% 6.8% -2.7% 50.8%


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.

In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.

Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;


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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Stochastic Oscillator

Company Close Change(%) Volume Value Signal
AIA Auckland International Airport 8.42 0.7 150,143 73.3 BEARISH CROSSOVER
CMA Centuria Metropolitan 2.83 0.7 194,205 78.6 BEARISH CROSSOVER
CNI Centuria Capital 1.7 0.6 387,090 77.8 BEARISH CROSSOVER
FMG Fortescue Metals 8.52 0.6 11,125,330 74.3 BEARISH CROSSOVER
ARF Arena Reit 2.85 0.4 325,078 79.4 BEARISH CROSSOVER
XTJ ASX 200 Telecomms 1318.8 0.4 0 61.3 BEARISH CROSSOVER
AFP Aft Pharmaceuticals 2.81 0.4 5 70.5 BEARISH CROSSOVER
CIN Carlton Investments 30.95 0.4 1,300 37.5 BEARISH CROSSOVER
SOL Washington H Soul Pattison & Co 22.59 0.4 434,804 70.8 BEARISH CROSSOVER
TLS Telstra Corporation 3.81 0.3 53,242,736 78.1 BEARISH CROSSOVER