AVG DIRECTIONAL INDEX
Trading: HOLD @ $0.98
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 strong trend is present. Maca has an ATR(14) of 0.035, a DX of 36.05 & an ADX(14) of 27.28
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;
PROFILE: Maca (MLD.AX)
Stock Exchange: ASX
Ticker Codes: | MLD.AX | 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.
Average Directional IndexDownload
|SVW Seven Holdings||19.02||12.2||2,028,025||25.41||BULLISH|
|BFC Beston Global Food||0.16||6.9||222,535||26.04||BULLISH|
|GOR Gold Road Resources||0.85||6.3||2,511,753||51.52||BULLISH|
|SLR Silver Lake Resources||0.68||6.3||5,503,241||32.97||BULLISH|
|CIA Champion Iron||1.59||5.7||299,939||25.96||BULLISH|
|FMG Fortescue Metals||6.69||5.4||22,842,445||61.73||BULLISH|
|CLQ Clean Teq Holdings||0.33||4.8||1,404,811||26.31||BULLISH|