Helloworld

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

0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 15.3 0.37% 0.58% 6.1% -2.0% 30.0%
SHORT 29 11.2 0.41% 0.63% 4.6% -2.3% 12.0%

Summary

Technical Analysis

Helloworld (HLO.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $4.75
Signal Strength: MEDIUM
Recommendation:

Helloworld (ASX:HLO) current price has highlighted recent accumulation. Currently, the OBV is 74953.9.


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.


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: Helloworld (HLO.AX)


Stock Exchange: ASX
Company: Helloworld
Ticker Codes: | HLO.AX | ASX:HLO |

About Helloworld (ASX:HLO):

Helloworld Travel Limited operates as a travel distribution company in Australia, New Zealand, and internationally. It sells international and domestic travel products and services, as well as operates a franchised network of travel agents. The company also operates as a franchisor of retail travel agency networks, including Helloworld Travel, Helloworld Travel Associate, Helloworld for Business, the My Travel Group, The Travel Brokers, Qantas Vacations, Islands in the Sun, Travelscene, and SmartFares; operates helloworld.com.au; and owns and operates Air Tickets. In addition, it provides air, cruise, and land products through retail travel agency networks and other third party retailers, as well as inbound travel services; and operates ReadyRooms.com, an online hotel aggregator. Further, the company offers travel management services, such as arranging flights, accommodation, car hire, visa facilitation services, and itinerary planning and management to government, large corporate customers, and small to medium sized enterprises. Additionally, it provides access to a database of various ocean and river cruise products, including itineraries, cruise lines, ocean and river cruise vessels, and ports information; and cruise packaging and services. The company operates under the Qantas Holidays, Viva! Holidays, Sunlover Holidays, Ready Rooms, The Cruise Team, Seven Oceans, Territory Discoveries, AOT Inbound, ATS Pacific, ETA, Insider Journeys, GO Holidays, QBT, APX Travel Management, and Qantas Vacations (USA) brands. The company was formerly known as Helloworld Limited and changed its name to Helloworld Travel Limited in April 2017. Helloworld Travel Limited is headquartered in North Sydney, Australia.

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On Balance Volume

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