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

Chaikin Money Flow

Score

0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 10 27.4 0.50% 0.83% 8.8% -4.5% 16.9%
SHORT 10 46.8 0.40% 0.67% 5.4% -2.0% 10.0%

Summary

Technical Analysis

Invocare (IVC.AX)


Indicator:

CHAIKIN MONEY FLOW


Last Signal:

BULLISH


Trading: HOLD @ $15.67
Signal Strength: MEDIUM
Recommendation:

Invocare (ASX:IVC) current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.16. IVC.AX received a confirmed CMF crossover days on the Feb 12 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.59 occurring on the Feb 12 2019.


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.

Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.

Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume;


PROFILE: Invocare (IVC.AX)


Stock Exchange: ASX
Company: Invocare
Ticker Codes: | IVC.AX | ASX:IVC |

About Invocare (ASX:IVC):

InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. The company operates 250 funeral homes, and 16 cemeteries and crematoria under various brands. It also offers HeavenAddress, an online memorial community; LifeArt coffins; and Guardian Plan, a prepaid funeral plan, which enables prepay selected funeral services. In addition, the company operates MyGriefAssist, an online grief resource Website; MyMemorial, a Website that provides range of cremation and burial memorial options; Funeral Planner, a digital funeral planning service; and FuneralAdvice that provides information on funerals and related topics. InvoCare Limited is headquartered in North Sydney, Australia.

Top 10:

Chaikin Money Flow

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