Pro Medicus

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

Accumulation Distribution

Score

-0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 15.6 0.48% 0.93% 6.7% -3.0% 48.6%
SHORT 30 9.8 0.27% 0.36% 3.0% -5.3% -93.3%

Summary

Technical Analysis

Pro Medicus (PME.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $30.9
Signal Strength: MEDIUM
Recommendation:

Pro Medicus (ASX:PME) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -9364.2. day. During the quarter, the lowest ADLINE value was -132211.


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.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Pro Medicus (PME.AX)


Stock Exchange: ASX
Company: Pro Medicus
Ticker Codes: | PME.AX | ASX:PME |

About Pro Medicus (ASX:PME):

Pro Medicus Limited provides radiology information systems (RIS), picture archiving and communication systems (PACS), and advanced visualization solutions worldwide. It offers medical software for practice management; digital radiology integration products; Promedicus.net secure email; medical imaging software that provides radiologist and clinicians with advanced visualization capability for viewing 2-D, 3-D, and 4-D medical images; and PACS/Digital imaging software. The company offers its products under the Visage RIS, Visage RIS/PACS, and Visage 7 names. It also provides Visage Ease Pro and Visage Ease mobile applications, which allow users access to medical imaging results that are stored on a Visage 7 server; training, installation, and professional services; and after sale support and service products. The company offers its products and services to hospitals, diagnostic imaging groups, and other health related entities. Pro Medicus Limited was founded in 1983 and is headquartered in Richmond, Australia.

Top 10:

Accumulation Distribution

Download
Company Close Change(%) Volume Value Signal
BOC Bougainville Copper 0.12 20 116,647 -26,463.4 BEARISH
RCT Reef Casino 2.45 8.9 906 -2,014.2 BEARISH
EVO Evolve Education 0.13 8.7 2,297,541 -1,081,236.2 BEARISH
EOS Electro Optic Systems Holdings 7.23 8.2 392,340 -8,944.3 BEARISH
OPT Opthea 3.58 7.5 405,885 -299,577.2 BEARISH
BVS Bravura Solutions 4.03 7.2 3,476,269 -168,778.8 BEARISH
CDV Cardinal Resources 0.4 5.3 352,093 -71,270.3 BEARISH
FBR Fastbrick Robotics 0.06 5 1,145,523 -1,545,677.4 BEARISH
BSA Broadcast Services Australia 0.43 4.9 182,669 -99,084.3 BEARISH
MEZ Meridian Energy 5 4 31,416 -1,951.7 BEARISH