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

Ease of Movement

Score

0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 104 4.5 0.60% 1.35% 2.2% -2.3% 34.3%
SHORT 103 4.5 0.54% 1.00% 1.9% -2.2% -14.7%

Summary

Technical Analysis

Money3 (MNY.AX)


Indicator:

EASE OF MOVEMENT


Last Signal:

BEARISH


Trading: SELL @ $2.12
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.


Money3 (ASX:MNY) current price have moved downwards on low volume. Currently, the EOM is -0.199.



The Ease of Movement (EOM) is a technical momentum indicator that is used to illustrate the relationship between the rate of an assets price change and its volume. This indicator attempts to identify the amount of volume required to move prices. Generally a value greater than zero is an indication that the stock is being accumulated (bought) and negative values are used to signal increased selling pressure. A high positive value appears when prices move upward on low volume. Strong negative numbers indicate that price is moving downward on low volume.

Calculation: Ease of Movement (EOM):
1) Distance Moved = ((H + L)/2 - (Prior H + Prior L)/2);
2) Box Ratio = ((V/100 000 000)/(H - L));
3) 1-Period EMV = ((H + L)/2 - (Prior H + Prior L)/2) / ((V/100 000 000)/(H - L));
4) 14-Period Ease of Movement = 14-Period simple moving average of 1-period EMV


PROFILE: Money3 (MNY.AX)


Stock Exchange: ASX
Company: Money3
Ticker Codes: | MNY.AX | ASX:MNY |

About Money3 (ASX:MNY):

Money3 Corporation Limited, a finance company, provides secured and unsecured personal loans in Australia. The company offers small cash and personal loans, and car loans and vehicle finance services, as well as cheque cashing services. Its vehicle loans include loans for cars, bikes, boats, trucks, tractors, and various vehicle repairs. The company provides loans through brokers and branches, as well as online. It operates 53 branches in Victoria, New South Wales, South Australia, Queensland, and Tasmania. The company is headquartered in Bundoora, Australia.

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