Australian Foundation

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

-1.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 19.3 0.52% 0.93% 1.4% -1.5% -3.1%
SHORT 27 8.5 0.41% 0.58% 0.2% -0.8% -11.7%

Summary

Technical Analysis

Australian Foundation (AFI.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

NEUTRAL


Trading: HOLD @ $6.41
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.


Australian Foundation (ASX:AFI)


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: Australian Foundation (AFI.AX)


Stock Exchange: ASX
Company: Australian Foundation
Ticker Codes: | AFI.AX | ASX:AFI |

About Australian Foundation (ASX:AFI):

Australian Foundation Investment Company Limited is a self-managed investment company. The firm invests in the public equity markets of Australia. It invests in value stocks of companies. The firm employs fundamental analysis with a focus on bottom-up research to make its investments. It benchmarks the performance of its portfolio against S&P/ASX 200 Accumulation Index. The firm conducts in-house research to make its investments. It invests in companies across diversified industries. Australian Foundation Investment Company Limited was founded in 1928 and is based in Melbourne, Australia.

Top 10:

Elder Ray Index

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