Monash IVF

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

1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 30.5 0.73% 1.60% 8.2% -4.1% 45.3%
SHORT 11 36.8 0.55% 1.00% 13.5% -4.5% 54.3%

Summary

Technical Analysis

Monash IVF (MVF.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $1.445
Signal Strength: MEDIUM
Recommendation:

Monash IVF (ASX:MVF) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 7397.


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.


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: Monash IVF (MVF.AX)


Stock Exchange: ASX
Company: Monash IVF
Ticker Codes: | MVF.AX | ASX:MVF |

About Monash IVF (ASX:MVF):

Monash IVF Group Limited provides human fertility, assisted reproductive, and specialist women imaging services in Australia and Malaysia. It provides low intervention IVF services, fertility center services, fertility research and treatment services, tertiary level prenatal diagnostic services, and diagnostic ultrasound services. The company operates 22 fertility clinics, 17 specialist women's imaging sites, 5 service centers, 2 specialized diagnostic laboratories, and 2 day hospitals. The company was incorporated in 2014 and is based in Richmond, Australia.

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Daily Volume Index

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MAH Macmahon 0.22 4.8 908,462 2,104 BULLISH
SLR Silver Lake Resources 1.23 4.2 5,739,437 141,120 BULLISH
AJM Altura Mining 0.14 3.7 8,303,659 69,819 BULLISH
TRS Reject Shop 2.02 3.6 55,060 183 BULLISH
SGF SG Fleet 2.92 3.5 163,398 4,692 BULLISH
LEP Ale Property 4.97 3.3 74,519 271 BULLISH