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

Accumulation Distribution

Score

0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 41 10.4 0.54% 0.92% 3.0% -1.3% 36.3%
SHORT 41 8.4 0.51% 0.91% 2.4% -1.4% 19.3%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $5.8
Signal Strength: STRONG
Recommendation:

Navitas (ASX:NVT) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the ADLINE is -439040. During the quarter, the lowest ADLINE value was -504275.


A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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.


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: Navitas (NVT.AX)

Stock Exchange: ASX
Company: Navitas
Ticker Codes: | NVT.AX | ASX:NVT |

About Navitas (ASX:NVT):

Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.

Top 10:

Accumulation Distribution

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Company Close Change(%) Volume Value Signal
OZL Oz Minerals 9.94 2.3 2,559,751 -72,111.4 BEARISH CROSSOVER
AWC Alumina 2.45 1.7 13,541,025 -189,100.9 BEARISH CROSSOVER
NVL National Veterinary Care 2.06 1.5 297,595 -15,537.7 BEARISH CROSSOVER
SNZ Summerset Holdings 5.14 0.8 600 -1,143.3 BEARISH CROSSOVER
REX Regional Express 1.39 0.7 47,304 -2,049.7 BEARISH CROSSOVER
FGG Future Generation Global 1.35 0.4 220,312 -183.7 BEARISH CROSSOVER
IPL Incitec Pivot 3.47 0.3 4,473,095 -100,746.2 BEARISH CROSSOVER
ARG Argo Investments 8.15 0.2 222,478 -1,421.7 BEARISH CROSSOVER
FNP Freedom Nutritional Products 5.34 -0.7 214,086 -17,709.9 BEARISH CROSSOVER
ECX Eclipx 1.3 -2.3 2,062,634 -201,769.8 BEARISH CROSSOVER