Adelaide Brighton

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

Aroon Oscillator

Score

0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 43.8 0.50% 1.00% 5.2% -2.6% 10.6%
SHORT 8 55.5 0.25% 0.33% 25.4% -5.3% 19.0%

Summary

Technical Analysis

Adelaide Brighton (ABC.AX)


Indicator:

AROON OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $3.75
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Adelaide Brighton (ASX:ABC) has a current ARU(25) of 56 and a current ARD(25) of 84



The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.

Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;


PROFILE: Adelaide Brighton (ABC.AX)


Stock Exchange: ASX
Company: Adelaide Brighton
Ticker Codes: | ABC.AX | ASX:ABC |

About Adelaide Brighton (ASX:ABC):

Adelaide Brighton Limited produces, imports, distributes, and markets construction materials in Australia. The company operates in two segments Cement, Lime, Concrete and Aggregates; and Concrete Products. It offers cement, cementitious products, lime, premixed concrete, aggregates, and sand, as well as concrete bricks, blocks, pavers, retaining walls, erosion control products, architectural masonry products, and reconstituted stone veneers. The company offers its products to residential and non-residential construction, engineering construction, alumina production, and mining markets. Adelaide Brighton Limited was founded in 1882 and is headquartered in Adelaide, Australia.

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Aroon Oscillator

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