My Net Fone

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

Daily Volume Index

Score

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 15 18.0 0.33% 0.50% 3.8% -5.6% -36.9%
SHORT 16 30.4 0.31% 0.45% 4.8% -4.5% -25.6%

Summary

Technical Analysis

My Net Fone (MNF.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $3.73
Signal Strength: MEDIUM
Recommendation:

My Net Fone (ASX:MNF) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -357.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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
AJX Alexium International 0.13 13 328,122 -3,307 BEARISH
IPD Impedimed 0.12 9.5 2,638,079 -35,432 BEARISH
MGX Mount Gibson Iron 1.06 9.3 5,320,324 -19,073 BEARISH
CAJ Capitol Health 0.22 7.3 466,982 -9,162 BEARISH
BSL Bluescope Steel 11.73 6.5 4,817,859 -6,877 BEARISH
SFR Sandfire Resources 6.67 5.5 1,218,623 -799 BEARISH
OMH OM Holdings 0.91 5.2 125,747 -1,218 BEARISH
CGL The Citadel 4.6 5 510,148 -348 BEARISH
BTI Bailador Technology Investments 0.98 4.8 48,460 -244 BEARISH
BFC Beston Global Food 0.11 4.8 118,825 -1,517 BEARISH