Medical Developments

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Accumulation Distribution

Score

-0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 34 12.1 0.38% 0.57% 5.3% -4.3% -29.0%
SHORT 34 11.6 0.41% 0.64% 3.9% -4.0% -34.1%

Summary

Technical Analysis

Medical Developments (MVP.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $4.7
Signal Strength: MEDIUM
Recommendation:

Medical Developments (ASX:MVP) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -12844.9. day. During the quarter, the lowest ADLINE value was -30414.9.


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.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Medical Developments (MVP.AX)


Stock Exchange: ASX
Company: Medical Developments
Ticker Codes: | MVP.AX | ASX:MVP |

About Medical Developments (ASX:MVP):

Medical Developments International Limited manufactures and distributes pharmaceutical drugs, and medical and veterinary equipment. The company operates in three segments: Pharmaceuticals, Medical Devices, and Veterinary products. It offers asthma and COPD pressurized metered dose inhalers, as well as masks and peak flow meters for asthma management; Penthrox, a prescription only medicine for acute pain; medical devices; and various veterinary anesthetic machines to veterinarians. The company operates in Australia, Europe, North America, the Middle East, Asia, and South Africa. Medical Developments International Limited is headquartered in Scoresby, Australia.

Top 10:

Accumulation Distribution

Download
Company Close Change(%) Volume Value Signal
ALK Alkane Exploration 0.71 11.9 5,930,185 -211,094.8 BEARISH
OFX Ozforex 1.59 10.8 939,506 -38,422.1 BEARISH
CVW Clearview Wealth 0.7 7.7 158,305 -8,029 BEARISH
KMD Kathmandu 2.83 7.6 284,197 -14,602.9 BEARISH
EBO Ebos 24.49 7.4 4,608 -560.4 BEARISH
MNS Milnes Holdings 0.17 6.3 123,862 -81,405.3 BEARISH
TWR Tower 0.72 5.1 2,365 -1,700.3 BEARISH
RMS Ramelius Resources 1.24 4.6 3,225,185 -133,763.6 BEARISH
DCN Dacian Gold 1.36 4.6 5,417,629 -14,939.8 BEARISH
IVC Invocare 14.24 4.6 426,048 -47,489.9 BEARISH