Maca (MLD)

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Maca (MLD): Signals

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TECHNICAL ANALYSIS SUMMARY

Maca (MLD.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $1.15
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 -4709.


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
EMH European Metals Holdings 0.38 18.8 120,674 -178 BEARISH
MTO Moto Goldmines 2.6 8.3 43,680 -132 BEARISH
SDF Steadfast 2.95 7.7 5,080,445 -7,354 BEARISH
UOS United Overseas Australia 0.7 6.1 1,000 -128 BEARISH
CCP Credit Corp 19.99 6 515,529 -1,243 BEARISH
MXI Maxitra Industries 0.54 5.9 29,549 -283 BEARISH
CCV Cash Converters International 0.28 5.8 647,158 -831 BEARISH
MGX Mount Gibson Iron 0.48 5.6 1,145,128 -5,313 BEARISH
MLX Metals X 0.49 5.4 1,505,780 -11,524 BEARISH
HFR Highfield Resources 0.57 4.6 39,786 -3,623 BEARISH
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