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

Elder Ray Index

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 39 13.8 0.46% 0.78% 4.4% -2.8% 13.4%
SHORT 38 7.0 0.58% 1.16% 3.4% -2.1% 35.9%

Summary

Technical Analysis

My Net Fone (MNF.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BEARISH


Trading: SELL @ $3.81
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


My Net Fone (ASX:MNF) Elder Ray Index is signalling a Bearish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


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:

Elder Ray Index

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Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.07 15 2,437,137 0 BULLISH
PPS Praemium 0.41 9.3 3,235,337 0.03 BULLISH
EDE Eden Energy 0.03 7.1 1,425,845 0.29 BULLISH
NAN Nanosonics 4.93 6.7 1,283,636 0.01 BULLISH
DWS DWS 1.13 6.6 119,422 0.05 BULLISH
VGL Volante 5.8 6.4 1,417 0.26 BULLISH
WGX Westgold Resources 1.69 6.3 616,095 0.04 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 0.28 BULLISH
SAR Saracen Mineral 3.66 5.5 4,153,957 0.01 BULLISH
NZM Nzme 0.49 5.4 65,620 0.05 BULLISH