Freelancer

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

Daily Volume Index

Score

-0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 35.0 0.63% 1.67% 11.1% -12.1% 19.4%
SHORT 7 56.6 0.29% 0.40% 16.8% -16.1% -46.8%

Summary

Technical Analysis

Freelancer (FLN.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.99
Signal Strength: MEDIUM
Recommendation:

Freelancer (ASX:FLN) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1703.


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.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


PROFILE: Freelancer (FLN.AX)


Stock Exchange: ASX
Company: Freelancer
Ticker Codes: | FLN.AX | ASX:FLN |

About Freelancer (ASX:FLN):

Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. It operates through two segments, Online Marketplace and Online Payment Services. The company, through its marketplace, hires freelancers to do work in areas, such as software development, writing, data entry and design, engineering, sciences, sales and marketing, and accounting and legal services. It connects employers and freelancers from approximately 247 countries, regions, and territories. The company also provides escrow payment services. Freelancer Limited was founded in 2009 and is based in Sydney, Australia.

Top 10:

Daily Volume Index

Download
Company Close Change(%) Volume Value Signal
SLR Silver Lake Resources 1.45 8.2 9,252,383 124,822 BULLISH
RSG Resolute Mining 1.74 7.1 9,161,059 75,131 BULLISH
PRU Perseus Mining 0.71 6.8 12,414,565 108,541 BULLISH
AEF Australian Ethical Investments 2.03 6.8 76,257 218 BULLISH
NST Northern Star Resources 13.47 6 4,840,454 16,053 BULLISH
SBM St Barbara Mines 3.55 5.3 5,019,351 29,414 BULLISH
AGG Anglogold Ashanti 5.56 5.1 467,306 520 BULLISH
RRL Regis Resources 6.38 4.9 5,376,386 15,497 BULLISH
MVP Medical Developments 6.06 4.7 189,975 999 BULLISH
CSR CSR 4.31 4.6 2,197,033 7,596 BULLISH