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

On Balance Volume

Score

0.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 13.1 0.59% 1.19% 2.5% -1.8% 18.0%
SHORT 32 12.5 0.44% 0.56% 1.6% -1.6% -17.0%

Summary

Technical Analysis

CVC (CVC.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BEARISH


Trading: SELL @ $2.6
Signal Strength: MEDIUM
Recommendation:

CVC (ASX:CVC) current price has highlighted recent distribution. Currently, the OBV is -139987.


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: CVC (CVC.AX)


Stock Exchange: ASX
Company: CVC
Ticker Codes: | CVC.AX | ASX:CVC |

About CVC (ASX:CVC):

CVC Limited is a venture capital and private equity firm specializing in seed/startup, early venture, mid venture, late venture, emerging growth, mezzanine, and growth capital investments. It prefers to invests in fintech sector. The firm is providing investment capital to companies that engage in financing, property related investments, and packaging supplies in Australia. It operates through Private Equity and Venture Capital, and Property segments. Private Equity and Venture Capital segment invests in equity and debt investments in non-listed entities. The firm will typically invest amounts in the range of A$1million (0.79 million) to A$15 million ($11.90 million). Property segment comprises joint venture interests in the Chevron Renaissance shopping center, the Bel-Air shops. It was formerly known as Continental Venture Capital Limited. CVC Limited was founded in 1985 and is based in Sydney, Australia.

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On Balance Volume

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Company Close Change(%) Volume Value Signal
RIC Ridley Corporation 1.24 7.9 738,777 -152,176.5 BEARISH
NMT Neometals 0.22 4.9 479,038 -31,337.3 BEARISH
LAU Lindsay Australia 0.34 4.6 181,661 -31,805.3 BEARISH
CDP Carindale Property Trust 6.95 3.4 26,038 -683.6 BEARISH
SYR Syrah Resources 0.86 3 7,057,555 -5,193,696.8 BEARISH
RKN Reckon 0.57 2.7 12,681 -4,276.4 BEARISH
RCT Reef Casino 2.48 2.5 8,450 -4,219.2 BEARISH
NWH NRW 2.31 2.2 7,300,322 -693,438.5 BEARISH
EOS Electro Optic Systems Holdings 3.85 1.9 134,027 -39,527.2 BEARISH
CWN Crown 12.22 1.8 2,440,536 -315,807.8 BEARISH