Brickworks Investment

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

Ease of Movement

Score

0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 106 4.7 0.65% 1.13% 0.5% -0.6% 3.3%
SHORT 104 4.2 0.61% 1.05% 0.7% -0.6% 8.0%

Summary

Technical Analysis

Brickworks Investment (BKI.AX)


Indicator:

EASE OF MOVEMENT


Last Signal:

BULLISH


Trading: BUY @ $1.55
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Brickworks Investment (ASX:BKI) current price have moved upwards on low volume. Currently, the EOM is 0.034.



The Ease of Movement (EOM) is a technical momentum indicator that is used to illustrate the relationship between the rate of an assets price change and its volume. This indicator attempts to identify the amount of volume required to move prices. Generally a value greater than zero is an indication that the stock is being accumulated (bought) and negative values are used to signal increased selling pressure. A high positive value appears when prices move upward on low volume. Strong negative numbers indicate that price is moving downward on low volume.

Calculation: Ease of Movement (EOM):
1) Distance Moved = ((H + L)/2 - (Prior H + Prior L)/2);
2) Box Ratio = ((V/100 000 000)/(H - L));
3) 1-Period EMV = ((H + L)/2 - (Prior H + Prior L)/2) / ((V/100 000 000)/(H - L));
4) 14-Period Ease of Movement = 14-Period simple moving average of 1-period EMV


PROFILE: Brickworks Investment (BKI.AX)


Stock Exchange: ASX
Company: Brickworks Investment
Ticker Codes: | BKI.AX | ASX:BKI |

About Brickworks Investment (ASX:BKI):

Brickworks Investment Company Limited is a publicly owned investment manager. The firm invests in the public equity markets. It seeks to invest in the stocks of companies operating across diversified sectors. The firm primarily invests in dividend paying stocks of companies. It employs bottom up approach with a focus on merits of individual companies rather than market and economic trends to create its portfolio. The firm conducts in-house research to make its investments. Brickworks Investment Company Limited was formed on October 17, 2003 and is based in Sydney, Australia.

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