Mirrabooka

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

Volume Rate of Change

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 47 7.2 0.55% 1.00% 1.5% -1.3% 4.6%
SHORT 47 9.4 0.64% 1.30% 1.3% -1.0% 14.7%

Summary

Technical Analysis

Mirrabooka (MIR.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BEARISH


Trading: SELL @ $2.55
Signal Strength: MEDIUM
Recommendation:

Mirrabooka (ASX:MIR) currently has negative rate of change of -37%. This means the current volume is less than the price 14 days ago and therefore losing 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: Mirrabooka (MIR.AX)


Stock Exchange: ASX
Company: Mirrabooka
Ticker Codes: | MIR.AX | ASX:MIR |

About Mirrabooka (ASX:MIR):

Mirrabooka Investments Limited is a self managed investment company. It invests in the public equity markets of Australia and New Zealand. The firm primarily invests in value stocks of small-cap and mid-cap companies, targeting companies which fall outside the top 50 listed companies, by market capitalization, on the Australian Stock Exchange. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolios. The firm obtains external research to complement its in-house research. It typically invests in companies from industrial, healthcare, information technology, financial, pharmaceuticals, forestry products, residential housing construction and land development, and telecommunication sectors. Mirrabooka Investments Limited was founded in April 1999 and is based in Melbourne, Australia.

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