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

Average Directional Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 99.8 0.25% 0.33% 2.1% -16.9% -48.7%
SHORT 3 100.3 0.33% 0.50% 20.4% -6.0% 8.5%


Technical Analysis

Maca (MLD.AX)



Last Signal:


Trading: HOLD @ $0.93
Signal Strength: MEDIUM

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.

Maca (ASX:MLD) has confirmed a weak trend is presentMaca has an ATR(14) of 0.03, a DX of 22.98 & an ADX(14) of 20.04

The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;


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:

Average Directional Index

Company Close Change(%) Volume Value Signal
ASL Ausdrill 1.74 10.5 8,810,838 20.69 NEUTRAL
AJX Alexium International 0.16 6.9 1,232,642 -20.12 NEUTRAL
TLG Talga Gold 0.49 6.6 113,070 22.11 NEUTRAL
BTI Bailador Technology Investments 1.03 6.2 579,514 16.27 NEUTRAL
MSB Mesoblast 1.44 5.1 1,597,792 -13.67 NEUTRAL
DMP Domino 39.13 3.9 396,639 -12.47 NEUTRAL
TNE Technology One 7.97 3.8 1,203,157 -19.51 NEUTRAL
AJM Altura Mining 0.14 3.7 8,303,659 -21.49 NEUTRAL
SGF SG Fleet 2.92 3.5 163,398 24.89 NEUTRAL
LEP Ale Property 4.97 3.3 74,519 -20.82 NEUTRAL