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

On Balance Volume

Score

0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 35 11.3 0.40% 0.61% 2.9% -1.1% 16.0%
SHORT 34 11.7 0.35% 0.55% 4.4% -2.6% -5.3%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $5.8
Signal Strength: MEDIUM
Recommendation:

Navitas (ASX:NVT) current price has highlighted recent accumulation. Currently, the OBV is 486583.


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.


On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)


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:

On Balance Volume

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Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.08 10.8 945,847 359,948.1 BULLISH
MGX Mount Gibson Iron 1.06 9.3 5,320,324 661,829.7 BULLISH
GGG Greenland Minerals 0.14 8 2,362,420 862,257.4 BULLISH
BSL Bluescope Steel 11.73 6.5 4,817,859 1,958,010.3 BULLISH
COE Cooper Energy 0.56 5.7 2,753,925 1,185,549.5 BULLISH
NAN Nanosonics 5.6 5.7 3,678,008 820,914.2 BULLISH
SFR Sandfire Resources 6.67 5.5 1,218,623 128,082.2 BULLISH
MVF Monash IVF 1.46 5.4 1,302,784 648,102.5 BULLISH
OMH OM Holdings 0.91 5.2 125,747 42,206.9 BULLISH
MEZ Meridian Energy 4.41 5 29,189 66,728.3 BULLISH