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

Rate of Change

Score

0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 17.4 0.48% 0.93% 15.8% -2.5% 183.8%
SHORT 29 9.1 0.31% 0.45% 5.6% -3.8% -24.9%

Summary

Technical Analysis

Appen (APX.AX)


Indicator:

RATE OF CHANGE


Last Signal:

BEARISH


Trading: SELL @ $24.23
Signal Strength: MEDIUM
Recommendation:

Appen (ASX:APX) currently has negative rate of change of -5.092%. This means the current price is less than the price 14 days ago and therefore losing momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.

Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100


PROFILE: Appen (APX.AX)


Stock Exchange: ASX
Company: Appen
Ticker Codes: | APX.AX | ASX:APX |

About Appen (ASX:APX):

Appen Limited, together with its subsidiaries, provides data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers, and government agencies primarily in Australia and the United States. It operates through two divisions, Content Relevance and Language Resources. The Content Relevance division offers annotated data used in search technology embedded in Web, e-commerce, and social engagement for enhancing relevance and accuracy of search results and ad placements. The Language Resources division provides annotated data used in speech recognizers, machine translation, speech synthesizers, image recognizers, and other machine-learning technologies. The company was formerly known as Appen Holdings Pty Limited and changed its name to Appen Limited in October 2014. Appen Limited was founded in 1996 and is based in Chatswood, Australia.

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