My Net Fone

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Daily Volume Index

Score

0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 22.1 0.36% 0.56% 11.9% -6.6% 0.0%
SHORT 16 25.6 0.56% 1.29% 4.5% -2.3% 24.7%

Summary

Technical Analysis

My Net Fone (MNF.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $4.63
Signal Strength: STRONG
Recommendation:

My Net Fone (ASX:MNF) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -146.


A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


PROFILE: My Net Fone (MNF.AX)


Stock Exchange: ASX
Company: My Net Fone
Ticker Codes: | MNF.AX | ASX:MNF |

About My Net Fone (ASX:MNF):

MNF Group Limited provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers in Australia and internationally. It operates through three segments: Australian Domestic Retail; Australia/New Zealand Domestic Wholesale; and Global Wholesale. The company's products include MyNetFone that provides voice and Internet services; Symbio Networks, which offers IP voice carriage services and software through in-country voice infrastructure and platforms; Connexus corporate connectivity and cloud services; and CallStream that provides inbound business phone numbers. The company's products also iBoss, a software-as-a-service platform, which enables anyone to start and scale their own telecommunications business; TollShield, a real-time toll fraud mitigation software for networks and carriers; Pennytel, a VoIP home phone and ADSL Internet service provider; The Buzz, a money-saving budget home phone for PSTN customers; and OpenCA Softswitch delivers converged voice, data, and multi-media services for carriers and enterprises. It is also involved in the sale of audio conferencing and collaboration services to business customers; and the provision of hardware, equipment, and consulting services to support its products. The company was formerly known as My Net Fone Limited and changed its name to MNF Group Limited in October 2015. The company was founded in 2004 and is headquartered in Sydney, Australia.

Top 10:

Daily Volume Index

Download
Company Close Change(%) Volume Value Signal
LOV Lovisa 12.02 3.4 137,948 -105 BEARISH CROSSOVER
JBH Jb Hi-Fi 38.08 1.7 429,603 -208 BEARISH CROSSOVER
CIM Cimic 32.9 1.2 250,269 -40 BEARISH CROSSOVER
WOW Woolworths 38.36 0.9 1,250,199 -546 BEARISH CROSSOVER
SGF SG Fleet 2.68 0.8 338,167 -58 BEARISH CROSSOVER
MLT Milton Corporation 4.88 0.6 120,078 -14 BEARISH CROSSOVER
BWP Bunnings Warehouse Property Trust 4.24 0.5 749,374 -149 BEARISH CROSSOVER
SGP Stockland 4.98 0.4 3,736,396 -938 BEARISH CROSSOVER
ORI Orica 23.04 0.3 582,123 -20 BEARISH CROSSOVER
TAH Tabcorp Holdings 4.69 0.2 3,397,122 -39 BEARISH CROSSOVER