Trading indicator
Average Directional IndexBacktest 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
Average Directional Index
Score
1.25
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 4 | 52.5 | 0.25% | 0.33% | 62.3% | -1.8% | 56.8% |
| SHORT | 3 | 166.0 | 0.67% | 2.00% | 43.1% | -4.1% | 82.1% |
Summary
Technical Analysis
Advance Healthcare (AHG.AX)
Indicator:
AVG DIRECTIONAL INDEX
Last Signal:
MEDIUM TREND
Trading: HOLD @ $2.81
Signal Strength: MEDIUM
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.
Advance Healthcare (ASX:AHG) has confirmed a strong trend is present. Advance Healthcare has an ATR(14) of 0.08, a DX of 5.42 & an ADX(14) of 40.15
The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.
Calculation: Average Directional Movement Index (ADX):
Trend Strength
;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;
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:
Average Directional Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| PNV Polynovo | 1.4 | 9.8 | 3,261,201 | 53.17 | BULLISH |
| MGX Mount Gibson Iron | 1.06 | 9.3 | 5,320,324 | 28.84 | BULLISH |
| GGG Greenland Minerals | 0.14 | 8 | 2,362,420 | 53.87 | BULLISH |
| NAN Nanosonics | 5.6 | 5.7 | 3,678,008 | 39.65 | BULLISH |
| MAH Macmahon | 0.21 | 5.1 | 1,402,377 | 32.42 | BULLISH |
| IDX Integral Diagnostics | 3.04 | 4.8 | 42,581 | 50.55 | BULLISH |
| IFT Infratil | 4.4 | 4.3 | 27,284 | 33.78 | BULLISH |
| XIP Xenith Ip | 2.2 | 4.3 | 130,384 | 41.16 | BULLISH |
| PME Pro Medicus | 25.33 | 3.9 | 348,311 | 27.45 | BULLISH |
| MFG Magellan Financial | 50.72 | 3.8 | 742,972 | 57.56 | BULLISH |