Supply Network

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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

On Balance Volume

Score

0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 31.5 0.50% 0.86% 13.1% -4.0% 51.0%
SHORT 12 35.0 0.25% 0.33% 10.5% -2.3% 10.6%

Summary

Technical Analysis

Supply Network (SNL.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BEARISH


Trading: SELL @ $4.01
Signal Strength: MEDIUM
Recommendation:

Supply Network (ASX:SNL) current price has highlighted recent distribution. Currently, the OBV is -313.6.


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.


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: Supply Network (SNL.AX)


Stock Exchange: ASX
Company: Supply Network
Ticker Codes: | SNL.AX | ASX:SNL |

About Supply Network (ASX:SNL):

Supply Network Limited engages in the provision of after market parts to the commercial vehicle industry in Australia and New Zealand. It sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving. The company is based in Pemulwuy, Australia.

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