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

Bill Williams Market Index

Score

-0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 57 4.1 0.53% 0.81% 0.9% -1.0% -10.9%
SHORT 59 10.3 0.42% 0.69% 2.9% -2.9% -31.9%

Summary

Technical Analysis


The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.

Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;


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:

Bill Williams Market Index

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Company Close Change(%) Volume Value Signal
BEE Broo 0.03 21.7 83,994 -1 BEARISH
ATL ASX 20 0.65 9.2 415,156 0 BEARISH
DNA Donaco International 0.08 9.2 4,579,010 -1 BEARISH
HFR Highfield Resources 0.74 7.3 38,107 -1 BEARISH
RAP Resapp Health 0.15 7.1 428,520 -1 BEARISH
BFC Beston Global Food 0.12 4.3 385,290 -1 BEARISH
DFM Dongfang Modern Agriculture 0.88 4.1 241,557 -1 BEARISH
DDR Dicker Data 5.16 4 280,998 -1 BEARISH
ARA Ariadne Australia 0.65 4 6,000 -1 BEARISH
ANN Ansell 26.73 3.5 704,066 0 BEARISH