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

Accumulation Distribution

Score

-0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 35 9.7 0.43% 0.71% 6.2% -6.8% -49.9%
SHORT 34 13.0 0.41% 0.64% 8.0% -3.7% 32.2%

Summary

Technical Analysis

Eclipx (ECX.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $1.3
Signal Strength: STRONG
Recommendation:

Eclipx (ASX:ECX) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the ADLINE is -201770. During the quarter, the lowest ADLINE value was -6.56884e+006.


A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Eclipx (ECX.AX)

Stock Exchange: ASX
Company: Eclipx
Ticker Codes: | ECX.AX | ASX:ECX |

About Eclipx (ASX:ECX):

Eclipx Group Limited supplies, finances, and manages vehicles on behalf of corporate customers, consumers, and SMEs. It offers fleet leasing, fleet management, novated leasing, vehicle sales, commercial equipment finance, consumer motor vehicle finance, corporate and consumer asset backed finance, medium term vehicle rental, and online auctioneering and associated services. The company operates in Australia under eight primary brands, including FleetPartners, FleetPlus, FleetChoice, CarLoans.com.au, Right2Drive, Eclipx Commercial, Onyx, and GraysOnline.com; and in New Zealand under five primary brands, such as FleetPartners, FleetPlus, CarLoans.co.nz, Right2Drive, and AutoSelect. Eclipx Group Limited was founded in 1987 and is headquartered in Sydney, Australia.

Top 10:

Accumulation Distribution

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Company Close Change(%) Volume Value Signal
OZL Oz Minerals 9.94 2.3 2,559,751 -72,111.4 BEARISH CROSSOVER
AWC Alumina 2.45 1.7 13,541,025 -189,100.9 BEARISH CROSSOVER
NVL National Veterinary Care 2.06 1.5 297,595 -15,537.7 BEARISH CROSSOVER
SNZ Summerset Holdings 5.14 0.8 600 -1,143.3 BEARISH CROSSOVER
REX Regional Express 1.39 0.7 47,304 -2,049.7 BEARISH CROSSOVER
FGG Future Generation Global 1.35 0.4 220,312 -183.7 BEARISH CROSSOVER
IPL Incitec Pivot 3.47 0.3 4,473,095 -100,746.2 BEARISH CROSSOVER
NVT Navitas 5.8 0.2 4,713,475 -439,039.5 BEARISH CROSSOVER
ARG Argo Investments 8.15 0.2 222,478 -1,421.7 BEARISH CROSSOVER
FNP Freedom Nutritional Products 5.34 -0.7 214,086 -17,709.9 BEARISH CROSSOVER