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

Daily Volume Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 10 17.1 0.30% 0.38% 1.8% -2.8% -17.4%
SHORT 11 52.0 0.45% 0.83% 11.3% -8.3% 6.6%


Technical Analysis

Pact (PGH.AX)



Last Signal:


Trading: SELL @ $2.27
Signal Strength: MEDIUM

Pact (ASX:PGH) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -9229.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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.

The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


Stock Exchange: ASX
Company: Pact
Ticker Codes: | PGH.AX | ASX:PGH |

About Pact (ASX:PGH):

Pact Group Holdings Ltd manufactures and supplies rigid plastics and metal packaging in Australia, New Zealand, China, the Philippines, Singapore, Indonesia, Thailand, and the United States. The company operates in two segments, Pact Australia and Pact International. It primarily converts plastic resin and steel into rigid packaging and other products for customers in the food and beverage, personal care, household consumer, industrial and chemical, materials handling, infrastructure, agricultural, and other sectors. The company's products comprise yoghurt containers, cream and ice-cream containers, milk and beverage bottles, margarine tubs, food jars, meat and bakery trays, cubes, pails, tubes and cartridges, bottle caps and closures, and other customized packaging; steel drums, tinplate pails, and other metal containers; and plastic material handling, industrial, and technical products, as well as sustainability products and services. In addition, it offers materials handling solutions and associated services; contract manufacturing services for pharmaceutical and aerosol based products; recycling services; and crate pooling and hire services. Pact Group Holdings Ltd was founded in 2002 and is headquartered in Richmond, Australia.

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Daily Volume Index

Company Close Change(%) Volume Value Signal
SXY Senex Energy 0.31 8.8 4,717,831 -13,919 BEARISH
EVO Evolve Education 0.13 8.3 699,759 -587 BEARISH
TZN Terramin Australia 0.08 6.7 7,645 -210 BEARISH
GUD Gud Holdings 10.1 3.7 567,527 -666 BEARISH
ASG Autosports 1.27 3.7 10,768 -31 BEARISH
IMF IMF 2.8 3.7 150,655 -1,586 BEARISH
CGL The Citadel 4.38 3.5 396,228 -1,963 BEARISH
SSM Service Stream 2.66 3.5 2,406,020 -260 BEARISH
CDV Cardinal Resources 0.31 3.3 182,289 -14,760 BEARISH
BBN Baby Bunting 2.25 3.2 254,358 -164 BEARISH