Argo Investments

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

-1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 12.9 0.38% 0.50% 1.5% -1.1% -3.8%
SHORT 13 44.9 0.23% 0.30% 1.3% -1.8% -14.3%

Summary

Technical Analysis

Argo Investments (ARG.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $8.16
Signal Strength: MEDIUM
Recommendation:

Argo Investments (ASX:ARG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -179.


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.


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: Argo Investments (ARG.AX)


Stock Exchange: ASX
Company: Argo Investments
Ticker Codes: | ARG.AX | ASX:ARG |

About Argo Investments (ASX:ARG):

Argo Investments Limited is a publicly owned investment manager. The firm manages separate client focused equity portfolios for its clients. It invests in public equity markets of Australia. The firm employs a qualitative analysis with bottom-up stock picking approach to create its portfolio. It conducts in-house analysis to make its investments. Argo Investments Limited was founded in 1946 and is based in Adelaide, Australia with an additional office in Sydney, Australia.

Top 10:

Daily Volume Index

Download
Company Close Change(%) Volume Value Signal
AGI Ainsworth Game Technology 0.7 3 217,989 -510 BEARISH
API Australian Pharmaceutical 1.2 -0.8 1,746,317 -440 BEARISH
AUB Austbrokers Holdings 13.89 -0.8 263,094 -1,196 BEARISH
ARA Ariadne Australia 0.59 -1.7 150,242 -136 BEARISH
AHY Asaleo Care 1.05 -1.9 591,862 -1,753 BEARISH
ALL Aristocrat Leisure 33.11 -1.9 2,212,737 -507 BEARISH
ABC Adelaide Brighton 3 -2 4,516,987 -2,089 BEARISH
AMC Amcor 14.42 -2.1 3,695,747 -14,726 BEARISH
AUI Australian United Investment 9.2 -2.9 51,622 -54 BEARISH
AMH Amcil 0.92 -3.2 258,703 -210 BEARISH