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

Volume Rate of Change

Score

0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 9.3 0.50% 0.91% 2.1% -2.4% -11.1%
SHORT 41 9.7 0.49% 0.95% 3.1% -1.8% 22.9%

Summary

Technical Analysis

Caltex (CTX.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BEARISH


Trading: SELL @ $25.7
Signal Strength: MEDIUM
Recommendation:

Caltex (ASX:CTX) currently has negative rate of change of -43%. This means the current volume is less than the price 14 days ago and therefore losing momentum.

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


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];


PROFILE: Caltex (CTX.AX)


Stock Exchange: ASX
Company: Caltex
Ticker Codes: | CTX.AX | ASX:CTX |

About Caltex (ASX:CTX):

Caltex Australia Limited engages in purchasing, refining, distributing, and selling petroleum products in Australia, New Zealand, and Singapore. It operates through Supply and Marketing, and Lytton segments. The Supply and Marketing segment sells fuels, lubricants, specialty products, and convenience store goods through a network of Caltex, Caltex Woolworths, and Ampol branded service stations, as well as through company owned and non-equity resellers, and direct sales to corporate customers. This segment distributes its products through pipelines, terminals, depots, and owned and contracted transportation fleet. The Lytton segment refines crude oil into petrol, diesel, greases, and jet fuel, as well as various specialty products, including liquid petroleum gas. Caltex Australia Limited was founded in 1900 and is headquartered in Sydney, Australia.

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Volume Rate of Change

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MXI Maxitra Industries 0.33 8.2 24,282 -72 BEARISH
OMH OM Holdings 0.86 5.5 28,581 -44 BEARISH
SBM St Barbara Mines 3.55 5.3 5,019,351 -67 BEARISH
RRL Regis Resources 6.38 4.9 5,376,386 -16 BEARISH
AJM Altura Mining 0.11 4.8 879,399 -93 BEARISH
MVP Medical Developments 6.06 4.7 189,975 -5 BEARISH
URF Us Masters Residential Property Fund 0.9 4.7 25,678 -91 BEARISH
CSR CSR 4.31 4.6 2,197,033 -7 BEARISH
ABC Adelaide Brighton 4.35 4.3 2,365,140 -13 BEARISH
EQT Equity Trustees 31.4 4.3 6,694 -54 BEARISH