Maxitra Industries

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

Daily Volume Index

Score

-1.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 20.6 0.15% 0.15% 0.0% -7.9% -103.3%
SHORT 13 34.7 0.31% 0.44% 22.7% -7.6% 22.5%

Summary

Technical Analysis

Maxitra Industries (MXI.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.225
Signal Strength: MEDIUM
Recommendation:

Maxitra Industries (ASX:MXI) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 5.


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: Maxitra Industries (MXI.AX)


Stock Exchange: ASX
Company: Maxitra Industries
Ticker Codes: | MXI.AX | ASX:MXI |

About Maxitra Industries (ASX:MXI):

MaxiTRANS Industries Limited, together with its subsidiaries, designs, manufactures, sells, services, and repairs transport equipment, and related components and spare parts in Australia and New Zealand. It manufactures trailer brands, and urethane foam and body panels; supplies and distributes parts; provides service and repair support; and sells and finances new and used trailing equipment. The company's products include curtain sided trailers, flat top semis, and skeletal trailers; dry freight and temperature controlled vans; steel and aluminum semi tippers, B-doubles, side opening tippers, walking floors, and flat top trailers, as well as specialty units; and bowl door tippers, flex tippers, and high volume side tippers. It also provides temperature controlled (refrigerated) and dry freight rigid truck bodies; trailing transport equipment and solutions, such as lights, tools, oil and filters, axles, suspensions, and brakes; various components and consumables; and fiberglass panels, body kits, doors, and insulation foam products. In addition, the company is involved in the retail and wholesale of trailer and truck parts; and rental and hire of temperature controlled vans. MaxiTRANS Industries Limited sells its products under the Freighter, Maxi-CUBE, Hamelex White, Lusty EMS, AZMEB, Peki, TraileRentals, MaxiPARTS, Maxus, and PANELMasta brand names. It serves transport and logistics, fresh produce, food and beverage, building and construction, agriculture, and natural resources industries. The company was founded in 1946 and is headquartered in Derrimut, Australia.

Top 10:

Daily Volume Index

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MCY Mighty River Power 4.69 4.2 34,642 57 BULLISH
EZL Euroz 1.07 3.9 181,684 156 BULLISH
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PNR Pacific Niugini Minerals 0.15 3.4 427,727 7,339 BULLISH