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%

What indicators would you like to backtest?

Trading Performance

On Balance Volume

Score

-1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 33 15.1 0.61% 1.18% 2.9% -3.2% 4.0%
SHORT 32 9.1 0.31% 0.43% 2.2% -2.7% -40.2%

Summary

Technical Analysis

Austal (ASB.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $2.72
Signal Strength: MEDIUM
Recommendation:

Austal (ASX:ASB) current price has highlighted recent accumulation. Currently, the OBV is 472066.


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: Austal (ASB.AX)


Stock Exchange: ASX
Company: Austal
Ticker Codes: | ASB.AX | ASX:ASB |

About Austal (ASX:ASB):

Austal Limited designs, manufactures, constructs, and supports defense and commercial vessels in Australia, the United States, and the Philippines. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval vessels; naval surface warfare combatants; and patrol boats for government law enforcement and border protection agencies. It also develops and integrates advanced vessel control and information management systems, such as control and monitoring, and motion control systems. In addition, the company provides life capability management and vessel support services, including crew training and instruction, vessel servicing, repair and maintenance, integrated logistics support, vessel sustainment, and information management systems support to naval, government, and commercial operators; and comprehensive refit services and management of annual dockings. Austal Limited was founded in 1988 and is headquartered in Henderson, Australia.

Top 10:

On Balance Volume

Download
Company Close Change(%) Volume Value Signal
NHF NIB 6.82 15.8 4,054,736 623,625.6 BULLISH
MPL Medibank Private 3.21 11.5 23,800,298 2,895,001.5 BULLISH
MNY Money3 2.21 9.4 151,763 70,108.7 BULLISH
ALK Alkane Exploration 0.24 9.1 1,447,163 273,698.4 BULLISH
OVH Onevue Holdings 0.49 8.9 426,122 93,215.8 BULLISH
AYS Amaysim Australia 0.76 7 283,622 73,727.9 BULLISH
MEZ Meridian Energy 4.2 6.3 25,687 12,694 BULLISH
GGG Greenland Minerals 0.09 5.7 2,860,427 1,183,010.1 BULLISH
JBH Jb Hi-Fi 26.92 5.2 559,642 185,958.6 BULLISH
PME Pro Medicus 20.91 4.8 190,563 43,277.7 BULLISH