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

Daily Volume Index

Score

1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 15 31.2 0.67% 1.43% 5.8% -1.5% 47.3%
SHORT 14 19.3 0.57% 1.14% 4.5% -2.7% 17.4%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $5.79
Signal Strength: MEDIUM
Recommendation:

Navitas (ASX:NVT) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 90.


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: 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:

Daily Volume Index

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Company Close Change(%) Volume Value Signal
ISX Isignthis 0.6 8.2 4,830,133 45,213 BULLISH
RAP Resapp Health 0.15 7.1 428,520 11,323 BULLISH
EZL Euroz 1.21 7.1 86,825 282 BULLISH
EML Emerchants 2.55 6.3 2,216,677 6,053 BULLISH
ADH Adairs 2.06 5.6 1,149,442 9,568 BULLISH
MTO Moto Goldmines 1.34 4.7 78,748 211 BULLISH
DFM Dongfang Modern Agriculture 0.88 4.1 241,557 712 BULLISH
DDR Dicker Data 5.16 4 280,998 779 BULLISH
ARA Ariadne Australia 0.65 4 6,000 66 BULLISH
RMS Ramelius Resources 0.86 3.6 2,311,783 10,472 BULLISH