Trading indicator
Weighted Moving AverageBacktest 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% |
Trading Performance
Weighted Moving Average
Score
0.3
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 24 | 13.3 | 0.25% | 0.33% | 7.5% | -2.4% | 2.6% |
| SHORT | 24 | 17.1 | 0.38% | 0.60% | 8.3% | -3.6% | 20.6% |
Summary
Technical Analysis
Advance Healthcare (AHG.AX)
Indicator:
WEIGHTED MOVING AVERAGE
Last Signal:
BULLISH
Trading: BUY @ $2.85
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 the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Advance Healthcare (ASX:AHG) currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.7%.
Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.
Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n
PROFILE: Advance Healthcare (AHG.AX)
Stock Exchange: ASX
Company: Advance Healthcare
Ticker Codes: | AHG.AX | ASX:AHG |
Automotive Holdings Group Limited engages in the automotive retail and logistics businesses. The company operates through Automotive Retail, Refrigerated Logistics, Other Logistics, and Property segments. It sells new and used vehicles, and aftermarket products; and offers finance and insurance, as well as vehicle services. The company offers passenger vehicles of various brands, such as Alfa Romeo, Audi, Bentley, Chrysler, CitroÙn, Dodge, Fiat, Ford, FPV, Holden, HSV, Hyundai, Infiniti, Isuzu UTE, Jaguar, Jeep, Kia, Land Rover, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Peugeot, Porsche, Sk÷da, Subaru, Suzuki, Toyota, and Volkswagen; and trucks and commercial vehicles under the brands of Fiat Professional, Freightliner, Fuso, Higer, Hino, Iveco, LDV, Mercedes-Benz, Mercedes-Benz Vans, Rosa, Volkswagen Commercial, and Yutong. It is also involved in the temperature-controlled long haul transport, cold storage, and refrigerated distribution business, as well as operates a fleet of modern equipment. In addition, the company provides warehousing and distribution of automotive parts and accessories; imports and distributes KTM and Husqvarna range of motorcycles; and provides vehicle storage and engineering services to the trucking industry, as well as truck body building services. Further, it is involved in direct property interests in land and buildings. The company operates 180 motor vehicle franchises at 111 dealership locations in Australia and New Zealand. Automotive Holdings Group Limited was founded in 1952 and is headquartered in West Perth, Australia.
Top 10:
Weighted Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| TGR Tassal | 5.07 | 3 | 648,170 | -0.1 | BEARISH CROSSOVER |
| CHC Charter Hall | 11.81 | 2.7 | 2,027,819 | -3.5 | BEARISH CROSSOVER |
| PIC Perpetual Equity Investment | 1.08 | 1.9 | 304,352 | -0.5 | BEARISH CROSSOVER |
| MWY Midway | 3.59 | 1.7 | 32,734 | -3.1 | BEARISH CROSSOVER |
| WLE Wam Leaders | 1.17 | 1.7 | 1,707,726 | -1 | BEARISH CROSSOVER |
| CAR Carsales | 13.97 | 1.5 | 756,142 | -5.3 | BEARISH CROSSOVER |
| CLH Collection House | 1.26 | 1.2 | 201,306 | -1.5 | BEARISH CROSSOVER |
| CLW Charter Hall Long Wale | 5.16 | 1.2 | 379,351 | -0.3 | BEARISH CROSSOVER |
| IMD Imdex | 1.27 | 0.8 | 432,189 | -4.2 | BEARISH CROSSOVER |
| GPT General Property Trust | 6.11 | 0.7 | 4,451,658 | -4.4 | BEARISH CROSSOVER |