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

% Volume Oscillator

Score

-0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 16 18.6 0.56% 1.13% 3.7% -5.5% -10.4%
SHORT 16 23.8 0.38% 0.60% 4.6% -3.8% -10.7%

Summary

Technical Analysis

Carsales (CAR.AX)


Indicator:

% VOLUME OSCILLATOR


Last Signal:

BULLISH


Trading: HOLD @ $14.04
Signal Strength: MEDIUM
Recommendation:

Carsales (ASX:CAR) currently has positive PVO 6.04%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -3.8%.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO) it is shown with a signal line a histogram and a centreline.

Calculation: Percentage Volume Oscillator (PVO):
1) Percentage Volume Oscillator (PVO): ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100;
2) Signal Line: 9-day EMA of PVO; 3) Histogram: PVO - Signal Line;


PROFILE: Carsales (CAR.AX)


Stock Exchange: ASX
Company: Carsales
Ticker Codes: | CAR.AX | ASX:CAR |

About Carsales (ASX:CAR):

carsales.com Ltd engages in online automotive, motorcycle, and marine classifieds business primarily in Australia. The company operates in four segments: Online Advertising Services, Data, Research and Services, International, and Finance and Related Services. The Online Advertising Services segment provides classified advertising that allows dealers and consumers to advertise automotive and nonautomotive goods and services for sale across the carsales network; and includes services, such as subscriptions, lead, and priority placement services across automotive and non-automotive Websites. It also offers display advertising services, including placing advertisements on carsales network Websites for corporate customers, such as automotive manufacturers/importers, finance and insurance companies, etc. In addition, this segment holds investments in tyresales.com.au, an online tyre retailer that allows consumers to transact and purchase tyres; and RedBook Inspect, which provides inspection services published online as part of classified advertisements. The Data, Research and Services segment offers software, analysis, research and reporting, valuation services, and Website development and hosting, as well as photography services to manufacturers/importers, dealers, industry bodies, and finance and insurance companies. The International segment engages in the online automotive classifieds and automotive data services businesses internationally. The Finance and Related Services segment provides finance arrangements for vehicles, boats, and other leisure items; vehicle procurement; and other related services to customers. The company was founded in 1997 and is headquartered in Richmond, Australia.

Top 10:

% Volume Oscillator

Download
Company Close Change(%) Volume Value Signal
GGG Greenland Minerals 0.14 12 3,121,685 3.04 BULLISH
IFM Infomedia 2.04 11.2 929,533 37.45 BULLISH
IPH Ipoh 9.45 10.4 4,516,470 25.76 BULLISH
BPT Beach Petroleum 2.18 9 18,376,738 13.12 BULLISH
BSA Broadcast Services Australia 0.37 8.8 2,894,428 65.89 BULLISH
BSL Bluescope Steel 12.04 7.7 7,695,033 16.99 BULLISH
AYS Amaysim Australia 0.67 7.2 243,626 2.77 BULLISH
ALU Altium 35.86 6.5 1,756,407 21.42 BULLISH
DMP Domino 44.41 6 628,847 13.52 BULLISH
AEF Australian Ethical Investments 2.24 5.7 75,806 8.53 BULLISH