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

Score

0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 41 8.1 0.29% 0.35% 4.5% -1.8% -7.3%
SHORT 42 12.0 0.43% 0.60% 4.1% -1.9% 18.1%

Summary

Technical Analysis

Aveo (AOG.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BEARISH


Trading: SELL @ $1.97
Signal Strength: MEDIUM
Recommendation:

Aveo (ASX:AOG) current price has highlighted recent distribution. Currently, the OBV is -1.91794e+006.


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: Aveo (AOG.AX)


Stock Exchange: ASX
Company: Aveo
Ticker Codes: | AOG.AX | ASX:AOG |

About Aveo (ASX:AOG):

Aveo Group invests in, develops, and manages retirement villages in Australia. The company develops and operates retirement villages and aged care facilities. It also develops residential, commercial, and retail properties. In addition, the company is involved in the investment and management of retail, commercial, and industrial properties; and funds and asset management activities. It operates a portfolio of 90 senior living communities, including retirement living, freedom aged care, and residential aged care communities. The company was formerly known as FKP Property Group and changed its name to Aveo Group in November 2013. Aveo Group was founded in 1991 and is based in Sydney, Australia.

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