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%

What indicators would you like to backtest?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

On Balance Volume

Score

-0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 17 26.7 0.41% 0.70% 5.0% -4.6% -10.5%
SHORT 16 18.6 0.31% 0.45% 4.3% -6.1% -45.4%

Summary

Technical Analysis

Wellcom (WLL.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $6.8
Signal Strength: MEDIUM
Recommendation:

Wellcom (ASX:WLL) current price has highlighted recent accumulation. Currently, the OBV is 2806.4.


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: Wellcom (WLL.AX)


Stock Exchange: ASX
Company: Wellcom
Ticker Codes: | WLL.AX | ASX:WLL |

About Wellcom (ASX:WLL):

Wellcom Group Limited provides advertising and marketing content production and content management services in Australia, the United Kingdom, New Zealand, Asia, and the United States. The company offers creative production services, including studio creative, photography, and retouching; adaptation services for print, digital, and video content; and Knowledgewell, a marketing software for marketing resource, campaign, digital asset, workflow, and print management. It also provides design and artwork services; and television production, digital print, and computer to plate production services. The company was founded in 2000 and is based in Port Melbourne, Australia.

Top 10:

On Balance Volume

Download
Company Close Change(%) Volume Value Signal
ADA Adacel Technologies 0.52 12 134,146 14,266.1 BULLISH
BSA Broadcast Services Australia 0.37 8.8 2,894,428 438,191.2 BULLISH
KGN Kogan 5.64 7.6 2,343,171 383,677.2 BULLISH
REG Rg Capital Radio 2.79 6.9 453,016 119,418.2 BULLISH
MTO Moto Goldmines 1.81 6.5 26,904 34,195.3 BULLISH
ALU Altium 35.86 6.5 1,756,407 472,431.3 BULLISH
DMP Domino 44.41 6 628,847 248,327.7 BULLISH
MNY Money3 2.22 5.7 1,278,092 266,519.9 BULLISH
FLN Freelancer 0.78 5.4 80,919 3,805.6 BULLISH
LLC Lend Lease Corporation 15.78 5.1 5,954,954 1,198,260.4 BULLISH