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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

On Balance Volume

Score

0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 47.9 0.55% 1.20% 10.1% -2.2% 49.5%
SHORT 12 18.1 0.33% 0.44% 3.0% -1.9% -4.9%

Summary

Technical Analysis

Australian Stock Exchange (ASX.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BEARISH


Trading: SELL @ $84.79
Signal Strength: MEDIUM
Recommendation:

Australian Stock Exchange (ASX:ASX) current price has highlighted recent distribution. Currently, the OBV is -69545.5.


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: 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
CCP Credit Corp 27.27 13.3 452,171 70,728.5 BULLISH
AFL ASX 50 0.2 11.1 4,347 6,223.6 BULLISH
BSA Broadcast Services Australia 0.34 7.9 824,051 21,911.7 BULLISH
SWM Seven West Media 0.4 6.7 22,528,171 206,646 BULLISH
NBL Noni B 2.58 5.3 52,656 123,349.7 BULLISH
AHG Advance Healthcare 3.21 4.6 663,989 261,920.3 BULLISH
GSW Getswift 0.25 4.2 499,320 17,486 BULLISH
SHM Shriro 0.67 3.9 91,198 50,781 BULLISH
CAT Catuity 1.17 3.6 340,110 136,862.9 BULLISH
AJX Alexium International 0.15 3.6 80,000 114,468.4 BULLISH