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

MACD Volume

Score

-0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 13.1 0.50% 0.94% 4.3% -6.0% -32.8%
SHORT 31 11.6 0.48% 0.88% 5.4% -4.1% 11.8%

Summary

Technical Analysis

Shriro (SHM.AX)


Indicator:

VOLUME MACD


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $0.61
Signal Strength: MEDIUM
Recommendation:

Shriro (ASX:SHM) urrently has negative Volume MACD of -708. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Volume Moving Average Convergence/Divergence (VMACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation: Moving Average Convergence Divergence Volume (VMACD):
1) VMACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of VMACD Line;
3) VMACD Histogram: VMACD Line - Signal Line;


PROFILE: Shriro (SHM.AX)


Stock Exchange: ASX
Company: Shriro
Ticker Codes: | SHM.AX | ASX:SHM |

About Shriro (ASX:SHM):

Shriro Holdings Limited manufactures and distributes kitchen appliances and consumer products in Australia and New Zealand. It operates through Kitchen Appliances and Consumer Products segments. The Kitchen Appliances segment offers ovens, cooktops, rangehoods, dishwashers, sinks, taps, ironing systems, and laundry tubs, as well as waste disposal and ducting solutions. The Consumer Products segment provides watches, calculators, electronic musical instruments, projectors, point of sale terminals, cameras, barbeques, heaters, fans, air purifiers/dehumidifiers, and speakers, as well as fashion, car audio, professional DJ, amplifier, and Hi Fi products. The company offers its products under its own brands, including Omega, Robinhood, Everdure, and Omega Altise; and third party owned brands, such as Casio, Blanco, and Pioneer. Shriro Holdings Limited was incorporated in 2015 and is headquartered in Kingsgrove, Australia.

Top 10:

MACD Volume

Download
Company Close Change(%) Volume Value Signal
RSG Resolute Mining 1.13 4.6 6,915,383 -24,639 BEARISH CROSSOVER
RRL Regis Resources 4.86 4.3 2,730,192 -32,721 BEARISH CROSSOVER
PSI Pacific Strategic Investments 2.5 3.7 2,239 -461 BEARISH CROSSOVER
WPL Woodside Petroleum 35.03 1.9 2,297,985 -1,644 BEARISH CROSSOVER
LAU Lindsay Australia 0.34 1.5 196,603 -9,396 BEARISH CROSSOVER
SIQ Smartgroup 9.11 1.2 207,525 -7,446 BEARISH CROSSOVER
TAH Tabcorp Holdings 4.59 1.1 5,241,717 -117,801 BEARISH CROSSOVER
VOC Vocus Communications 4.36 0.9 4,758,706 -227,119 BEARISH CROSSOVER
NHC New Hope 2.63 0.8 1,115,205 -66,200 BEARISH CROSSOVER
MMS Mcmillan Shakespeare 14.03 0.5 307,097 -948 BEARISH CROSSOVER