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

On Balance Volume

Score

0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 33 12.7 0.33% 0.42% 7.6% -2.1% 29.2%
SHORT 32 11.6 0.41% 0.62% 6.4% -1.7% 48.6%

Summary

Technical Analysis

Monash IVF (MVF.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BEARISH


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

Monash IVF (ASX:MVF) current price has highlighted recent distribution. Currently, the OBV is -89830.6.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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: 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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