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

Demark's Pivot Points

Score

-2.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 109 4.1 0.28% 0.36% 2.7% -2.7% -143.1%
SHORT 110 4.6 0.35% 0.46% 2.6% -2.4% -98.3%

Summary

Technical Analysis

Maca (MLD.AX)


Indicator:

DEMARK PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Maca (ASX:MLD) current pivot point (DeMark) is:
(R1) $1.

The current pivot point (DeMark) is:
(S1) $0.95.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;


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:

Demark's Pivot Points

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Company Close Change(%) Volume Value Signal
SHV Select Harvests 6.9 1.5 284,426 -0.01 BEARISH CROSSOVER
IEL IDP Education 18.64 1.4 767,830 -0.02 BEARISH CROSSOVER
PTM Platinum Asset Management 4.59 1.1 2,158,943 -0.01 BEARISH CROSSOVER
HVN Harvey Norman 4.06 1 3,876,324 -0.01 BEARISH CROSSOVER
IRE Iress Market Technology 13.7 1 585,687 -0.04 BEARISH CROSSOVER
DWS DWS 1.15 0.9 68,660 -0.01 BEARISH CROSSOVER
ILU Iluka Resources 10.42 0.8 4,698,651 -0.01 BEARISH CROSSOVER
RUL Runge 0.6 0.8 223,618 0 BEARISH CROSSOVER
WOR Worleyparsons 13.72 0.5 2,877,516 -0.02 BEARISH CROSSOVER
NVL National Veterinary Care 2.03 0.5 13,343 -0.01 BEARISH CROSSOVER