Av Jennings Homes

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

Strong Reversal

Score

0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 87.8 0.50% 1.00% 5.8% -6.8% -2.1%
SHORT 4 81.5 0.50% 1.00% 21.6% -7.4% 28.3%

Summary

Technical Analysis

Av Jennings Homes (AVJ.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $0.59
Signal Strength: STRONG
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Av Jennings Homes (ASX:AVJ) No strong reversal signals currently present. Previous signals for AVJ include:


[BULLISH]: Av Jennings Homes has formed a hammer reversal pattern 154 days ago on the 20 Dec 2018. AVJ has traded significantly lower than the stocks opening price, which was followed by a short term rally closing in the upper shadow of the days trading range. This indicates that the market is trying to determine the bottom of the short term downtrend.


No Bullish Engulfing formations in the last 12 months.


No Bullish Engulfing formations in the last 12 months.


No Bear Engulfing formations in the last 12 months.


[BEARISH]: Av Jennings Homes has formed a bearish Dark Cloud Cover reversal pattern 120 days ago on the 23 Jan 2019. This means, AVJ has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.


[BULLISH]: Av Jennings Homes has formed a Bullish Piercing reversal pattern 85 days ago on the 27 Feb 2019. This means, AVJ has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.


PROFILE: Av Jennings Homes (AVJ.AX)


Stock Exchange: ASX
Company: Av Jennings Homes
Ticker Codes: | AVJ.AX | ASX:AVJ |

About Av Jennings Homes (ASX:AVJ):

AVJennings Limited engages in the development of residential properties in Australia. It is involved in land and apartment development, and integrated housing activities. The company was founded in 1932 and is based in Hawthorn, Australia. AVJennings Limited is a subsidiary of SC Global Developments Pte Ltd.

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