|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Trading: BUY @ $21.35
Signal Strength: MEDIUM
Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Appen (ASX:APX) A short term Close Reversal has formed with Appen which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.
The close reversal maintains the trend direction where the trend strength has deteriorated. This is evident by the loss of commitment highlighted by the lower closing price.
Calculation: Close Reversal:
1) Uptrend: Open (near high) & Close (near low) & [High] > [High Yesterday] & [Low] > [Low Yesterday] & [Close] < [Close Yesterday];
2) Downtrend: Open (near low) & Close (near high) & [High] < [High Yesterday] & [Low] < [Low Yesterday] & [Close] > [Close Yesterday]
PROFILE: Appen (APX.AX)
Stock Exchange: ASX
Ticker Codes: | APX.AX | 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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