Trading indicator
Simple Moving AverageTrade 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% |
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
Simple Moving Average
Score
0.7
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 29 | 12.6 | 0.34% | 0.50% | 10.6% | -3.5% | 35.9% |
| SHORT | 29 | 12.9 | 0.38% | 0.58% | 9.0% | -3.0% | 42.0% |
Summary
Technical Analysis
Ausdrill (ASL.AX)
Indicator:
SIMPLE MOVING AVERAGE
Last Signal:
BULLISH
Trading: BUY @ $2.26
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.
Ausdrill (ASX:ASL) currently has a confirmed uptrend. This means the SMA 15 day average has exceeded the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 2.3%.
A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.
Calculation: Simple Moving Average:
1) SMA: n period sum / n;
PROFILE: Ausdrill (ASL.AX)
Stock Exchange: ASX
Company: Ausdrill
Ticker Codes: | ASL.AX | ASX:ASL |
Ausdrill Limited operates as an integrated mining and energy services company worldwide. It operates through Drilling Services Australia, Equipment Services and Supplies, Contract Mining Services Africa, and All Other segments. The company is involved in the reverse circulation, diamond drilling, rotary air blast, and air core drilling; geochemical and precious metals analysis; production and monitoring of bores, as well as depressurization and dewatering, and surface hole drilling; and procurement and supply of exploration equipment, parts, and consumables. It also engages in the drill and blast, and grade control drilling; earthmoving equipment rental business; mine development and civil works; grade control; manufacture and supply of blast holes and RC hammers, bits, drill rods, spares, and equipment; manufacture of bulk explosives; and provision of blasting services. In addition, the company is involved in the clearing, pre-strip, access, and haul road construction, excavation, loading, hauling, dumping, and equipment hire; underground mining; design, manufacture, and maintenance of blast hole, RC and diamond drill rigs, and support and ancillary equipment; and sale and rental of pressure, flow, and well control equipment for the oil and gas industry. Further, it engages in drilling and servicing oil and gas wells; and design, drilling, installation, testing, and commissioning of telecom and underground power networks. Ausdrill Limited was founded in 1987 and is based in Canning Vale, Australia.
Top 10:
Simple Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MOC Mortgage Choice | 1.53 | 5.9 | 184,305 | 3.5 | BULLISH |
| EMH European Metals Holdings | 0.29 | 5.6 | 36,576 | 2.4 | BULLISH |
| AVJ Av Jennings Homes | 0.61 | 5.2 | 178,778 | 8.4 | BULLISH |
| RUL Runge | 0.89 | 4.7 | 243,263 | 0.6 | BULLISH |
| CGS Cogstate | 0.35 | 4.5 | 804,136 | 2.7 | BULLISH |
| MWY Midway | 2.45 | 3.8 | 21,217 | 2.2 | BULLISH |
| DDR Dicker Data | 7.2 | 3.6 | 223,145 | 9.3 | BULLISH |
| TBR Tribune Resources | 8.65 | 3 | 91,488 | 4.5 | BULLISH |
| TNE Technology One | 7.46 | 3 | 755,622 | 0.3 | BULLISH |
| WSA Western Areas | 3.34 | 2.8 | 4,207,339 | 2.2 | BULLISH |