Reece Australia

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

Money Flow Index

Score

1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 45.4 0.75% 3.00% 4.9% -3.1% 23.4%
SHORT 7 51.4 0.43% 0.75% 140.9% -5.0% 402.8%

Summary

Technical Analysis

Reece Australia (REH.AX)


Indicator:

MONEY FLOW INDEX


Last Signal:

BEARISH


Trading: SELL @ $9.99
Signal Strength: MEDIUM
Recommendation:

Reece Australia (ASX:REH) current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 18.93. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 88.5.


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.


Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.

Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)

Top 10:

Money Flow Index

Download
Company Close Change(%) Volume Value Signal
CAJ Capitol Health 0.22 7.3 466,982 8.12 BEARISH
OCL Objective Corporation 2.95 3.5 25,451 9.89 BEARISH
APD Apn Property 0.47 3.3 164,647 12.3 BEARISH
AKP Audio Pixels Holdings 17 3 6,636 16.03 BEARISH
CDV Cardinal Resources 0.32 1.6 113,215 10.7 BEARISH
ATL ASX 20 0.4 1.3 119,770 13.97 BEARISH
CWN Crown 12.08 0.9 1,211,346 19.7 BEARISH
SHM Shriro 0.61 0.8 59,652 13.71 BEARISH
SPO Spotless Holdings 1.78 0.8 1,594 12.74 BEARISH
AEF Australian Ethical Investments 1.78 0.6 77,113 19 BEARISH