Austin Engineering

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Weighted Moving Average

Score

-1.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 39 10.2 0.31% 0.43% 4.0% -3.6% -54.0%
SHORT 38 10.2 0.29% 0.37% 5.8% -2.7% -17.0%

Summary

Technical Analysis

Austin Engineering (ANG.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $0.18
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.


Austin Engineering (ASX:ANG) 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 2.9%.



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: Austin Engineering (ANG.AX)


Stock Exchange: ASX
Company: Austin Engineering
Ticker Codes: | ANG.AX | ASX:ANG |

About Austin Engineering (ASX:ANG):

Austin Engineering Ltd manufactures, repairs, overhauls, and supplies mining attachment products, and other associated products and services for the industrial and resources-related business sectors. It offers off-highway dump truck bodies, buckets, water tanks, service modules, tyre-handlers, and ancillary attachments. The company also offers various services, such as equipment repair and maintenance, equipment lifting and transport, specialized fabrication, painting and blasting, specialized machining and line boring, and on-site maintenance and shutdown services. It serves miners, mining contractors, and original equipment manufacturers in Australia, the Americas, and Asia. Austin Engineering Limited was founded in 1982 and is headquartered in Milton, Australia.

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