What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

On Balance Volume

Score

-0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 46 7.8 0.33% 0.47% 3.3% -3.1% -48.6%
SHORT 45 10.1 0.42% 0.66% 5.2% -2.2% 32.8%

Summary

Technical Analysis

Pact (PGH.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $2.52
Signal Strength: MEDIUM
Recommendation:

Pact (ASX:PGH) current price has highlighted recent accumulation. Currently, the OBV is 228631.


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: Pact (PGH.AX)


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.

Top 10:

On Balance Volume

Download
Company Close Change(%) Volume Value Signal
MVP Medical Developments 5.79 12 245,893 -26,297.2 BEARISH
CYB Cybg 2.74 9.6 11,534,033 -3,795,772 BEARISH
PPS Praemium 0.62 8.8 4,008,172 -409,112.5 BEARISH
CAT Catuity 1.34 5.9 99,920 -145,190.2 BEARISH
NMT Neometals 0.22 4.9 812,159 -28,590.6 BEARISH
IMD Imdex 1.45 4.3 619,849 -335,328.1 BEARISH
BSE BSE 0.25 4.2 532,106 -207,233.6 BEARISH
BTI Bailador Technology Investments 0.95 3.8 198,000 -12,087.1 BEARISH
WHC Whitehaven Coal 3.28 3.8 10,187,667 -2,936,325.2 BEARISH
CWP Cedar Woods Properties 7.02 3.4 20,588 -21,127 BEARISH