Mortgage Choice

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

Close Change

Score

-0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 113 4.0 0.33% 0.46% 3.8% -2.1% -31.7%
SHORT 112 4.4 0.41% 0.63% 3.5% -1.9% 20.8%

Summary

Technical Analysis

Mortgage Choice (MOC.AX)


Indicator:

PRICE CHANGE


Last Signal:

BULLISH


Trading: BUY @ $1.17
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Mortgage Choice (ASX:MOC) buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MOC adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.2 & the greatest daily positive change this year has been 14.5. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 29.5%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 29.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.7x. Over the last month the average daily upward movement has been 1.200000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


PROFILE: Mortgage Choice (MOC.AX)


Stock Exchange: ASX
Company: Mortgage Choice
Ticker Codes: | MOC.AX | ASX:MOC |

About Mortgage Choice (ASX:MOC):

Mortgage Choice Limited provides mortgage broking services in Australia. It operates through three segments: Mortgage Choice Franchised Mortgage Broking, Mortgage Choice Financial Planning, and Help Me Choose Health Fund and Mortgage Comparison Website. The company offers assistance in determining the borrowing capacities of borrowers; assessment of a range of home loans and other products; and submission of loan applications on behalf of borrowers. It also provides car loans, credit cards, and financial planning and business lending services. In addition, the company offers life, home building and contents, mortgage and income protection, car, landlord, and lenders mortgage insurance products. Mortgage Choice Limited was founded in 1992 and is headquartered in North Sydney, Australia.

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