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

1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 43 10.7 0.58% 1.04% 1.3% -1.0% 6.6%
SHORT 42 7.4 0.69% 1.12% 0.9% -0.5% 12.9%

Summary

Technical Analysis

Amcil (AMH.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.885
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.


Amcil (ASX:AMH) Elder Ray Index is signalling a Bullish 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: Amcil (AMH.AX)


Stock Exchange: ASX
Company: Amcil
Ticker Codes: | AMH.AX | ASX:AMH |

About Amcil (ASX:AMH):

Amcil Limited is a publicly owned investment manager. The firm primarily manages separate client focused equity portfolios for its clients. It invests in the public equity markets of Australia. The firm invests in growth and value stocks of large cap and small cap companies to create its portfolios. It invests in companies from media, technology, communications, and entertainment sectors. Amcil Limited was founded in 1996 and is based in Melbourne, Australia.

Top 10:

Elder Ray Index

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Company Close Change(%) Volume Value Signal
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