Trading indicator
Ease of MovementBacktest 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% |
Trading Performance
Ease of Movement
Score
0.55
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 111 | 4.3 | 0.61% | 1.17% | 1.5% | -1.3% | 29.9% |
| SHORT | 109 | 4.3 | 0.56% | 1.09% | 1.5% | -1.6% | 2.7% |
Summary
Technical Analysis
Navitas (NVT.AX)
Indicator:
EASE OF MOVEMENT
Last Signal:
BEARISH
Trading: SELL @ $5.78
Signal Strength: MEDIUM
Recommendation:
Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.
Navitas (ASX:NVT) current price have moved downwards on low volume. Currently, the EOM is -0.018.
The Ease of Movement (EOM) is a technical momentum indicator that is used to illustrate the relationship between the rate of an assets price change and its volume. This indicator attempts to identify the amount of volume required to move prices. Generally a value greater than zero is an indication that the stock is being accumulated (bought) and negative values are used to signal increased selling pressure. A high positive value appears when prices move upward on low volume. Strong negative numbers indicate that price is moving downward on low volume.
Calculation: Ease of Movement (EOM):
1) Distance Moved = ((H + L)/2 - (Prior H + Prior L)/2);
2) Box Ratio = ((V/100 000 000)/(H - L));
3) 1-Period EMV = ((H + L)/2 - (Prior H + Prior L)/2) / ((V/100 000 000)/(H - L));
4) 14-Period Ease of Movement = 14-Period simple moving average of 1-period EMV
PROFILE: Navitas (NVT.AX)
Stock Exchange: ASX
Company: Navitas
Ticker Codes: | NVT.AX | 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:
Ease of Movement
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| ATL ASX 20 | 0.6 | 8.2 | 345,604 | 0.97 | BULLISH |
| MVP Medical Developments | 5.45 | 7.9 | 76,687 | 0.14 | BULLISH |
| CLW Charter Hall Long Wale | 4.85 | 6.6 | 1,130,561 | 0.77 | BULLISH |
| ABC Adelaide Brighton | 4.38 | 6.3 | 4,706,429 | 0.08 | BULLISH |
| ANG Austin Engineering | 0.2 | 5.3 | 239,656 | 0.01 | BULLISH |
| MAH Macmahon | 0.21 | 5.1 | 1,175,605 | 1.75 | BULLISH |
| MXI Maxitra Industries | 0.32 | 5 | 22,187 | 1.24 | BULLISH |
| KSL Kina Securities | 1.39 | 4.5 | 203,199 | 5.78 | BULLISH |
| DFM Dongfang Modern Agriculture | 0.85 | 4.3 | 143,638 | 120.38 | BULLISH |
| OSP Osprey Medical | 0.12 | 4.3 | 46,313 | 2.83 | BULLISH |