Trading indicator
On Balance VolumeBacktest 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
On Balance Volume
Score
0.85
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 28 | 10.9 | 0.43% | 0.75% | 3.9% | -2.1% | 13.0% |
| SHORT | 27 | 17.6 | 0.52% | 1.00% | 5.4% | -2.8% | 36.6% |
Summary
Technical Analysis
Pacsoft (PAC.AX)
Indicator:
ON BALANCE VOLUME
Last Signal:
BULLISH
Trading: HOLD @ $4.8
Signal Strength: MEDIUM
Recommendation:
Pacsoft (ASX:PAC) current price has highlighted recent accumulation. Currently, the OBV is 5475.8.
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: Pacsoft (PAC.AX)
Stock Exchange: ASX
Company: Pacsoft
Ticker Codes: | PAC.AX | ASX:PAC |
Pacific Current Group Limited engages in multi-boutique asset management business worldwide. It manages assets for institutional and individual clients. The company was formerly known as Treasury Group Ltd and changed its name to Pacific Current Group Limited in October 2015. Pacific Current Group Limited was founded in 2001 and is based in Sydney, Australia.
Top 10:
On Balance Volume
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| BEE Broo | 0.03 | 21.7 | 83,994 | 117,797.8 | BULLISH |
| ATL ASX 20 | 0.65 | 9.2 | 415,156 | 88,475.6 | BULLISH |
| DNA Donaco International | 0.08 | 9.2 | 4,579,010 | 609,779.1 | BULLISH |
| CEN Central Australian Phosphate | 6.94 | 8.3 | 4,068 | 498.7 | BULLISH |
| ISX Isignthis | 0.6 | 8.2 | 4,830,133 | 4,704,525.9 | BULLISH |
| EML Emerchants | 2.55 | 6.3 | 2,216,677 | 972,483 | BULLISH |
| ADH Adairs | 2.06 | 5.6 | 1,149,442 | 969,301.4 | BULLISH |
| MTO Moto Goldmines | 1.34 | 4.7 | 78,748 | 51,248.9 | BULLISH |
| TNG Tennant Creek Gold | 0.12 | 4.3 | 341,928 | 715,383.1 | BULLISH |
| BFC Beston Global Food | 0.12 | 4.3 | 385,290 | 113,525 | BULLISH |