Australian Stock Exchange

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

1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 16.3 0.40% 0.67% 5.3% -1.0% 46.0%
SHORT 29 10.1 0.45% 0.72% 1.7% -1.0% 4.6%

Summary

Technical Analysis

Australian Stock Exchange (ASX.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $77.1
Signal Strength: MEDIUM
Recommendation:

Australian Stock Exchange (ASX:ASX) current price has highlighted recent accumulation. Currently, the OBV is 160478.


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: Australian Stock Exchange (ASX.AX)


Stock Exchange: ASX
Company: Australian Stock Exchange
Ticker Codes: | ASX.AX | ASX:ASX |

About Australian Stock Exchange (ASX:ASX):

ASX Limited, a multi-asset class and integrated exchange group, provides listings, trading, clearing, settlement, registry, and information and technical services in Australia and internationally. Its products comprise shares, indices, bonds, securities, exchange-traded products (ETFs) and other ETPs, managed funds, warrants, options, index derivatives, interest rate derivatives, grains derivatives, energy derivatives, and market making arrangements. The company also operates two trading, clearing and settlement platforms, such as ASX Trade is for equity and related equity derivative products and ASX Trade24 is for interest rate, equity index, and commodity futures products; helps product manufacturers to issue ETPs, warrants, and managed funds; and provides mFund settlement and trading services, as well as a range of solutions to access liquidity to financial market customers, including connections to other trading venues. In addition, it offers pricing and company information services through its various products and services comprising MarketSource, ComNews, and ReferencePoint; clearing risk management services; over-the-counter clearing; securities settlement facilities; and centralized securities depository tri-party collateral management services. Further, the company provides listing and issuer services to public companies and other issuers, as well as serves retail and institutional investors that invest in and trade securities. ASX Limited is based in Sydney, Australia.

Top 10:

On Balance Volume

Download
Company Close Change(%) Volume Value Signal
GGG Greenland Minerals 0.13 39.8 7,332,468 1,740,852.1 BULLISH
BNO Bionomics 0.15 11.1 659,788 78,289.7 BULLISH
MOC Mortgage Choice 1.01 11 787,250 111,002.9 BULLISH
ALK Alkane Exploration 0.27 10.4 3,467,000 674,258.8 BULLISH
MTO Moto Goldmines 1.29 9.3 114,410 12,861.2 BULLISH
ADH Adairs 1.9 8.6 3,220,406 383,828.7 BULLISH
ANG Austin Engineering 0.19 8.6 300,979 85,069.8 BULLISH
WGX Westgold Resources 1.62 7 2,136,458 1,013,937.7 BULLISH
EMH European Metals Holdings 0.44 6.1 273,100 35,645.4 BULLISH
BLX Beacon Lighting 1.17 5.9 830,823 123,812.9 BULLISH