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

Daily Volume Index

Score

0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 15.4 0.26% 0.36% 8.7% -4.1% -14.0%
SHORT 19 25.0 0.53% 1.11% 6.4% -3.6% 31.4%

Summary

Technical Analysis

Maca (MLD.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.99
Signal Strength: MEDIUM
Recommendation:

Maca (ASX:MLD) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1815.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


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:

Daily Volume Index

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Company Close Change(%) Volume Value Signal
ATL ASX 20 0.65 9.2 415,156 -3,389 BEARISH
CEN Central Australian Phosphate 6.94 8.3 4,068 -8 BEARISH
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BFC Beston Global Food 0.12 4.3 385,290 -2,471 BEARISH
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ONE Oneview Healthcare 0.25 4.2 107,600 -331 BEARISH
PAC Pacsoft 4.8 4.1 25,306 -1,231 BEARISH
RBL Rib Loc 1.05 4 106,026 -11,146 BEARISH