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

Bill Williams Market Index

Score

-0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 5.1 0.60% 1.41% 1.6% -1.2% 18.7%
SHORT 39 15.5 0.41% 0.70% 1.7% -2.3% -26.8%

Summary

Technical Analysis


The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.

Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;


PROFILE: Goodman (GMG.AX)


Stock Exchange: ASX
Company: Goodman
Ticker Codes: | GMG.AX | ASX:GMG |

About Goodman (ASX:GMG):

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally. Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.

Top 10:

Bill Williams Market Index

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Company Close Change(%) Volume Value Signal
GGG Greenland Minerals 0.14 8 2,362,420 -1 BEARISH
CLQ Clean Teq Holdings 0.32 6.7 1,263,824 0 BEARISH
BSL Bluescope Steel 11.73 6.5 4,817,859 -1 BEARISH
COE Cooper Energy 0.56 5.7 2,753,925 -1 BEARISH
MVF Monash IVF 1.46 5.4 1,302,784 -1 BEARISH
OMH OM Holdings 0.91 5.2 125,747 -1 BEARISH
MAH Macmahon 0.21 5.1 1,402,377 -1 BEARISH
CGL The Citadel 4.6 5 510,148 -1 BEARISH
BFC Beston Global Food 0.11 4.8 118,825 -1 BEARISH
MCY Mighty River Power 3.95 4.5 1,566 -1 BEARISH