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

On Balance Volume

Score

-0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 38 11.8 0.42% 0.64% 2.2% -1.3% 2.6%
SHORT 38 9.3 0.34% 0.42% 1.4% -1.2% -20.2%

Summary

Technical Analysis

Wellcom (WLL.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $5.45
Signal Strength: MEDIUM
Recommendation:

Wellcom (ASX:WLL) current price has highlighted recent accumulation. Currently, the OBV is 18.6.


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

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EWC Energy World Corporation 0.07 15 2,437,137 252,061 BULLISH
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VGL Volante 5.8 6.4 1,417 1,455.6 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 1,273,282.6 BULLISH
GOR Gold Road Resources 1.05 5.6 2,804,920 514,159.1 BULLISH
FMG Fortescue Metals 8.8 5.4 17,285,949 5,843,667 BULLISH
NZM Nzme 0.49 5.4 65,620 38,922.9 BULLISH
PRU Perseus Mining 0.5 5.3 6,327,147 1,152,898 BULLISH
DNA Donaco International 0.11 5 843,519 723,453.9 BULLISH