Trading indicator
Volume Rate of ChangeBacktest 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% |
Trading Performance
Volume Rate of Change
Score
1.7
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 91 | 5.0 | 0.58% | 1.00% | 3.5% | -2.5% | 50.7% |
| SHORT | 91 | 5.0 | 0.64% | 1.41% | 4.5% | -3.1% | 135.0% |
Summary
Technical Analysis
Mcconnell Dowell Corporation (MDC.AX)
Indicator:
VOLUME RATE OF CHANGE
Last Signal:
BULLISH
Trading: HOLD @ $0.355
Signal Strength: MEDIUM
Recommendation:
Mcconnell Dowell Corporation (ASX:MDC) currently has positive volume of change of 7%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.
Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];
PROFILE: Mcconnell Dowell Corporation (MDC.AX)
Stock Exchange: ASX
Company: Mcconnell Dowell Corporation
Ticker Codes: | MDC.AX | ASX:MDC |
Medlab Clinical Limited, a medical research and development facility, engages in nutraceutical products and pharmaceutical research businesses in Australia. The company develops bio-therapeutics for chronic kidney diseases, pre-diabetes/obesity, depression, musculoskeletal muscle loss associated with ageing, and non-opioid pain management. It also provides nutraceuticals for anti-inflammatory, cardiovascular support, endocrine support, gastrointestinal support, immunological support, infants and toddlers, metabolic support, musculoskeletal support, neurological support, sports performance, urogenital support, and weight management, as well as for men, pregnancy, seniors, teenagers, and women support. The company has a strategic alliance with Heritage Brands Limited to develop and market its products for the pharmacy retail channel. Medlab Clinical Limited was founded in 2012 and is based in Alexandria, Australia.
Top 10:
Volume Rate of Change
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| CSV CSG | 0.17 | 26.9 | 1,235,815 | 509 | BULLISH |
| ADA Adacel Technologies | 0.68 | 22.5 | 435,672 | 1,202 | BULLISH |
| PRU Perseus Mining | 0.61 | 21 | 11,469,507 | 538 | BULLISH |
| WAF West African Resources | 0.33 | 16.1 | 4,518,149 | 2,012 | BULLISH |
| RMS Ramelius Resources | 0.77 | 15.9 | 8,313,251 | 313 | BULLISH |
| MOY Millennium Minerals | 0.07 | 15.8 | 5,801,793 | 417 | BULLISH |
| AJM Altura Mining | 0.11 | 14.6 | 11,815,602 | 267 | BULLISH |
| RSG Resolute Mining | 1.19 | 10.2 | 15,246,642 | 57 | BULLISH |
| SBM St Barbara Mines | 2.94 | 10.1 | 10,915,698 | 94 | BULLISH |
| NST Northern Star Resources | 11.69 | 9.3 | 7,110,929 | 230 | BULLISH |