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

Elder Ray Index

Score

0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 54 9.3 0.54% 1.04% 5.6% -3.1% 75.8%
SHORT 54 6.4 0.56% 1.03% 2.5% -3.0% -14.9%

Summary

Technical Analysis

Adairs (ADH.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BEARISH


Trading: SELL @ $1.82
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Adairs (ASX:ADH) Elder Ray Index is signalling a Bearish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


PROFILE: Adairs (ADH.AX)


Stock Exchange: ASX
Company: Adairs
Ticker Codes: | ADH.AX | ASX:ADH |

About Adairs (ASX:ADH):

Adairs Limited operates as a specialty retailer of homewares and home furnishings in Australia and New Zealand. The company's product range includes categories, such as bedlinen, bedding, towels, homewares, soft furnishings, and children's furnishings, as well as occasional and bedroom furniture. It has approximately 130 stores across Australia in 5 physical store formats comprising Adairs, Adairs Homemaker, Adairs Kids, UHR, and Adairs Outlets; and 4 stores in New Zealand, as well as an online store. The company was formerly known as Home & Decor Holdings Pty Ltd and changed its name to Adairs Limited in May 2015. Adairs Limited was founded in 1918 and is based in Scoresby, Australia.

Top 10:

Elder Ray Index

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IPD Impedimed 0.12 9.5 2,638,079 -0.01 BEARISH
NAN Nanosonics 5.6 5.7 3,678,008 -0.09 BEARISH
OMH OM Holdings 0.91 5.2 125,747 0 BEARISH
BFC Beston Global Food 0.11 4.8 118,825 0 BEARISH
IFT Infratil 4.4 4.3 27,284 -0.09 BEARISH
XIP Xenith Ip 2.2 4.3 130,384 -0.18 BEARISH
EQT Equity Trustees 29 3.9 15,051 0 BEARISH
AFP Aft Pharmaceuticals 2.92 3.9 16,400 0 BEARISH
IPH Ipoh 7.42 3.6 660,132 -0.02 BEARISH
CAR Carsales 13.93 3.5 780,012 -0.32 BEARISH