Dongfang Modern Agriculture

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 Oscillator

Score

0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 16.5 0.43% 0.67% 8.2% -2.6% 25.6%
SHORT 15 32.8 0.53% 1.00% 6.7% -3.7% 24.0%

Summary

Technical Analysis

Dongfang Modern Agriculture (DFM.AX)


Indicator:

% VOLUME OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $0.83
Signal Strength: MEDIUM
Recommendation:

Dongfang Modern Agriculture (ASX:DFM) currently has negative PVO -36.54%. The recent volume is losing momentum through a fall on the short term exponential moving average.

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: Dongfang Modern Agriculture (DFM.AX)


Stock Exchange: ASX
Company: Dongfang Modern Agriculture
Ticker Codes: | DFM.AX | ASX:DFM |

About Dongfang Modern Agriculture (ASX:DFM):

Dongfang Modern Agriculture Holding Group Limited engages in the cultivation and sales of various agricultural produce in the People's Republic of China. The company produces citrus fruit tangerines, pomelos, navel oranges, and camellia fruits and related products. It controls 21 plantations spanning approximately 10,763 hectares in the Ganzhou City District within the Jiangxi Province. Dongfang Modern Agriculture Holding Group Limited sells its products primarily to wholesale customers. The company was founded in 2005 and is based in Brisbane, Australia.

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