Austin Engineering

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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Code Company Date Close Change Indicator Value Signal

Trading Performance

On Balance Volume



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 18 18.2 0.39% 0.54% 5.8% -5.1% -25.8%
LONG 19 22.2 0.37% 0.47% 3.0% -4.4% -45.5%


Technical Analysis

Austin Engineering (ANG.AX)



Last Signal:


Trading: HOLD @ $0.2
Signal Strength: MEDIUM

Austin Engineering (ASX:ANG) current price has highlighted recent accumulation. Currently, the OBV is 38334.4.

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

On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)

PROFILE: Austin Engineering (ANG.AX)

Stock Exchange: ASX
Company: Austin Engineering
Ticker Codes: | ANG.AX | ASX:ANG |

About Austin Engineering (ASX:ANG):

Austin Engineering Ltd manufactures, repairs, overhauls, and supplies mining attachment products, and other associated products and services for the industrial and resources-related business sectors. It offers off-highway dump truck bodies, buckets, water tanks, service modules, tyre-handlers, and ancillary attachments. The company also offers various services, such as equipment repair and maintenance, equipment lifting and transport, specialized fabrication, painting and blasting, specialized machining and line boring, and on-site maintenance and shutdown services. It serves miners, mining contractors, and original equipment manufacturers in Australia, the Americas, and Asia. Austin Engineering Limited was founded in 1982 and is headquartered in Milton, Australia.

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