Argo Investments

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

0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 15.0 0.54% 1.00% 0.7% -0.6% 1.5%
SHORT 26 13.0 0.31% 0.44% 1.8% -0.8% 0.7%

Summary

Technical Analysis

Argo Investments (ARG.AX)


Indicator:

RATE OF CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $8.07
Signal Strength: MEDIUM
Recommendation:

Argo Investments (ASX:ARG) currently has positive rate of change of 2.803%. This means the current price is greater than the price 14 days ago and therefore gaining 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: Argo Investments (ARG.AX)


Stock Exchange: ASX
Company: Argo Investments
Ticker Codes: | ARG.AX | ASX:ARG |

About Argo Investments (ASX:ARG):

Argo Investments Limited is a publicly owned investment manager. The firm manages separate client focused equity portfolios for its clients. It invests in public equity markets of Australia. The firm employs a qualitative analysis with bottom-up stock picking approach to create its portfolio. It conducts in-house analysis to make its investments. Argo Investments Limited was founded in 1946 and is based in Adelaide, Australia with an additional office in Sydney, Australia.

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