What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Daily Volume Index

Score

-1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 12.5 0.33% 0.50% 9.0% -4.7% -3.1%
SHORT 27 16.4 0.41% 0.61% 3.8% -6.8% -80.5%

Summary

Technical Analysis

Appen (APX.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $20.72
Signal Strength: MEDIUM
Recommendation:

Appen (ASX:APX) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 4565.


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.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


PROFILE: Appen (APX.AX)


Stock Exchange: ASX
Company: Appen
Ticker Codes: | APX.AX | ASX:APX |

About Appen (ASX:APX):

Appen Limited, together with its subsidiaries, provides data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers, and government agencies primarily in Australia and the United States. It operates through two divisions, Content Relevance and Language Resources. The Content Relevance division offers annotated data used in search technology embedded in Web, e-commerce, and social engagement for enhancing relevance and accuracy of search results and ad placements. The Language Resources division provides annotated data used in speech recognizers, machine translation, speech synthesizers, image recognizers, and other machine-learning technologies. The company was formerly known as Appen Holdings Pty Limited and changed its name to Appen Limited in October 2014. Appen Limited was founded in 1996 and is based in Chatswood, Australia.

Top 10:

Daily Volume Index

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Company Close Change(%) Volume Value Signal
AST Ausnet Services 1.7 1.2 7,711,607 8,661 BULLISH
ADA Adacel Technologies 0.68 -0.7 118,968 2,794 BULLISH
AAC Australian Agricultural 1.1 -0.9 1,296,067 4,358 BULLISH
ALU Altium 30.8 -1.1 1,635,445 7,715 BULLISH
APL Australian Plantation Timber 0.94 -1.1 3,063,425 2,774 BULLISH
AIA Auckland International Airport 7.63 -1.3 553,585 461 BULLISH
APE Ap Eagers Holdings 8.88 -1.4 860,151 422 BULLISH
ADH Adairs 2.42 -2.4 1,106,502 11,955 BULLISH
ANZ Australia & Banking 24.83 -2.7 8,409,116 6,483 BULLISH
ARB Arb Corporation 17.15 -3.4 226,251 217 BULLISH