National Veterinary Care

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

Close vs Range

Score

-0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 43 8.6 0.37% 0.57% 3.2% -2.8% -26.6%
SHORT 42 9.7 0.33% 0.48% 4.1% -2.6% -17.6%

Summary

Technical Analysis

National Veterinary Care (NVL.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $2.16
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


National Veterinary Care (ASX:NVL)buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for National Veterinary Care adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 5 trading days with the closing price in the upper part of the range giving a confirmation ratio of 3.6%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 35.7%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 2 days in the lower range giving a ratio of 2.5x.



Where the closing price fall within the day’s trading range highlights whether are in control.

[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;


PROFILE: National Veterinary Care (NVL.AX)


Stock Exchange: ASX
Company: National Veterinary Care
Ticker Codes: | NVL.AX | ASX:NVL |

About National Veterinary Care (ASX:NVL):

National Veterinary Care Limited provides veterinary services in Australia and New Zealand. It operates a network of clinics that provide services, such as acupuncture, blood tests, chemotherapy, dental radiography, desexing, digital radiography, electrocardiograph, heartworm injections, health exams, and healthy nutrition programs. The company also provides in-house pathology, intensive care hospitalization, microchip identification, nail trimming, orthopedic surgery, senior and palliative care, stem cell therapy, ultrasounds, vaccinations, and weight loss programs. In addition, it offers a range of pet care plans. The company was formerly known as XYZ Vet Pty. Ltd and changed its name to National Veterinary Care Limited in April 2015. National Veterinary Care Limited is based in Ormeau, Australia.

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