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

Bill Williams Market Index

Score

1.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 36 5.6 0.61% 1.10% 2.2% -1.6% 17.2%
SHORT 36 14.9 0.64% 1.44% 4.2% -2.4% 58.2%

Summary

Technical Analysis


The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.

Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;


PROFILE: Cardno (CDD.AX)


Stock Exchange: ASX
Company: Cardno
Ticker Codes: | CDD.AX | ASX:CDD |

About Cardno (ASX:CDD):

Cardno Limited, a professional infrastructure and environmental services company, engages in the development and improvement of physical and social infrastructure for communities worldwide. The company offers technical and economic feasibility services; planning services, such as statutory planning, urban development, master planning and design, mapping and surveying, and transportation planning; environmental consulting services in natural systems assessment and management, environmental impact assessment and monitoring, agricultural development, climate change management, conservation, and rehabilitation; and engineering design services for various structures, spaces, and systems. It also provides software and technology solutions that aid planning and design for engineers and planners in various industries; project management services across the project lifecycle; construction materials testing and inspection services for building, infrastructure, and mining projects; and construction management services consisting of construction and contract administration, construction and demolition, construction supervision, and subsurface utility engineering. In addition, the company offers asset management, condition assessment, facilities management, infrastructure, and software implementation services; management consulting services to public and private clients to optimize their investment in physical, economic, and social infrastructure projects; and development assistance services to enhance infrastructure, economic, health, educational, and governance situations of developing nations. It serves the building, land, coastal and ocean, environment, international development, management services, energy and resources, transportation, water, and defense market sectors. The company was founded in 1945 and is headquartered in Fortitude Valley, Australia.

Top 10:

Bill Williams Market Index

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Company Close Change(%) Volume Value Signal
MOY Millennium Minerals 0.1 22 12,026,126 0 NEUTRAL
MGC Mg Unit Trust 0.35 18.6 1,279,050 0 NEUTRAL
ASL Ausdrill 1.74 10.5 8,810,838 0 NEUTRAL
CLQ Clean Teq Holdings 0.38 10.3 4,365,526 0 NEUTRAL
RND Rand Mining 3.25 8.3 8,137 0 NEUTRAL
AJX Alexium International 0.16 6.9 1,232,642 0 NEUTRAL
BTI Bailador Technology Investments 1.03 6.2 579,514 0 NEUTRAL
FDV Frontier Digital Ventures 0.77 6.2 113,332 0 NEUTRAL
MSB Mesoblast 1.44 5.1 1,597,792 0 NEUTRAL
PNV Polynovo 1.56 5.1 4,075,815 0 NEUTRAL