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

Close Change

Score

-1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 117 4.1 0.32% 0.44% 1.9% -1.0% -16.9%
SHORT 116 4.1 0.38% 0.50% 1.3% -1.1% -43.1%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

PRICE CHANGE


Last Signal:

BULLISH


Trading: BUY @ $5.79
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Navitas (ASX:NVT) buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for NVT adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 0.7 & the greatest daily positive change this year has been 184.7. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 184.7%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 184.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.5x. Over the last month the average daily upward movement has been 0.200000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


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.

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