Macquarie Radio Network

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

On Balance Volume

Score

-0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 14.7 0.41% 0.61% 6.8% -3.8% 6.8%
SHORT 26 14.6 0.50% 0.72% 2.0% -3.2% -32.2%

Summary

Technical Analysis

Macquarie Radio Network (MRN.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $1.74
Signal Strength: MEDIUM
Recommendation:

Macquarie Radio Network (ASX:MRN) current price has highlighted recent accumulation. Currently, the OBV is 52.3.


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.


On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)


PROFILE: Macquarie Radio Network (MRN.AX)


Stock Exchange: ASX
Company: Macquarie Radio Network
Ticker Codes: | MRN.AX | ASX:MRN |

About Macquarie Radio Network (ASX:MRN):

Macquarie Media Limited engages in the radio and associated media activities in Australia. The company owns and operates 2GB and talking lifestyle Sydney radio stations in Sydney; 3AW and talking lifestyle Melbourne radio stations in Melbourne; 4BC and talking lifestyle Brisbane radio stations in Brisbane; and 6PR radio station in Perth. The company also owns and operates radio 1278 and 3AW in Melbourne, radio 4BC and Magic 882 in Brisbane, and radio 2UE in Sydney, as well as Buyradio and Harbour radio stations. It also engages in syndicating programming content and music distribution operations, as well as the production of digital and online media through its Websites. The company is headquartered in Pyrmont, Australia. Macquarie Media Limited is a subsidiary of Fairfax Media Limited.

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