Australia & Banking

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

On Balance Volume



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 9.4 0.35% 0.54% 1.4% -1.4% -16.4%
SHORT 39 10.9 0.44% 0.71% 2.0% -2.1% -17.6%


Technical Analysis

Australia & Banking (ANZ.AX)



Last Signal:


Trading: SELL @ $28.45
Signal Strength: MEDIUM

Australia & Banking (ASX:ANZ) current price has highlighted recent distribution. Currently, the OBV is -238304.

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.

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: Australia & Banking (ANZ.AX)

Stock Exchange: ASX
Company: Australia & Banking
Ticker Codes: | ANZ.AX | ASX:ANZ |

About Australia & Banking (ASX:ANZ):

Australia and New Zealand Banking Group Limited, together with its subsidiaries, provides various banking and financial products and services to individual and business customers. The company's Australia division offers retail products and services to consumer and private banking customers in Australia through the branch network, mortgage specialists, the contact center, and various self-service channels, such as Internet banking, phone banking, ATMs, Website, and digital banking; and corporate and commercial banking services comprising financial solutions through dedicated managers focusing on privately owned small, medium, and large enterprises, as well as the agricultural business segment. Its Institutional division provides working capital and liquidity solutions, including documentary trade, supply chain financing, cash management solutions, deposits, payments, and clearing; loan products, loan syndication, specialized loan structuring and execution, project and export finance, debt structuring and acquisition finance, structured trade and asset finance, and corporate advisory services; and risk management services on foreign exchange, interest rates, credit, commodities, debt capital markets, and wealth solutions. The company's New Zealand division offers retail and commercial banking and wealth management services to consumer, private banking, and small business customers. Its Wealth Australia division provides life, general, and mortgage insurance; and fund management services. The company's Asia Retail & Pacific division offers general banking and wealth management services; and products and services to retail customers, small to medium-sized enterprises, institutional customers, and governments. It operates in Australia, New Zealand, the Asia Pacific, Europe, and the Americas. The company was founded in 1835 and is headquartered in Melbourne, Australia.

Top 10:

On Balance Volume

Company Close Change(%) Volume Value Signal
UOS United Overseas Australia 0.76 3.4 34,821 -2,684.3 BEARISH CROSSOVER
CGS Cogstate 0.21 2.5 59,096 -3,318.6 BEARISH CROSSOVER
VOC Vocus Communications 3.27 2.2 4,382,480 -109,725 BEARISH CROSSOVER
AMC Amcor 15.96 1.1 8,422,958 -3,424.1 BEARISH CROSSOVER
IPD Impedimed 0.12 0 0 -30,796.5 BEARISH CROSSOVER
EZL Euroz 1.25 0 44,898 -1,581 BEARISH CROSSOVER
MVF Monash IVF 1.45 0 811,188 -89,830.6 BEARISH CROSSOVER
CCL Coca-Cola Amatil 10.17 -0.1 2,112,499 -192,703.8 BEARISH CROSSOVER
MND Monadelphous 18.59 -0.1 437,787 -82,715.4 BEARISH CROSSOVER
EQT Equity Trustees 28 -0.1 141,435 -13,486.3 BEARISH CROSSOVER