Trading indicator
Elder's Force IndexTrade 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
Elder's Force Index
Score
0.9
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 35 | 8.5 | 0.51% | 1.06% | 3.1% | -2.4% | 14.1% |
| SHORT | 35 | 13.9 | 0.69% | 1.14% | 2.6% | -1.4% | 33.9% |
Summary
Technical Analysis
Av Jennings Homes (AVJ.AX)
Indicator:
ELDERS FORCE INDEX
Last Signal:
BULLISH
Trading: BUY @ $0.6
Signal Strength: MEDIUM
Recommendation:
Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.
Av Jennings Homes (ASX:AVJ) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 124.
Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.
Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;
PROFILE: Av Jennings Homes (AVJ.AX)
Stock Exchange: ASX
Company: Av Jennings Homes
Ticker Codes: | AVJ.AX | 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.
Top 10:
Elder's Force Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| NMT Neometals | 0.2 | 5.3 | 241,577 | -515 | BEARISH |
| BSE BSE | 0.22 | 4.9 | 77,053 | -5,263 | BEARISH |
| BEE Broo | 0.02 | 4.5 | 172,843 | -7 | BEARISH |
| SHM Shriro | 0.72 | 4.3 | 7,177 | -166,327 | BEARISH |
| BSA Broadcast Services Australia | 0.4 | 3.9 | 157,046 | -1,707 | BEARISH |
| KAR Karoon Gas Australia | 1.1 | 3.8 | 5,014,070 | -101,595 | BEARISH |
| PGC Paragon Care | 0.43 | 3.6 | 423,426 | -104,701 | BEARISH |
| DNK Danakali | 0.65 | 3.2 | 124,521 | -1,227 | BEARISH |
| CAT Catuity | 1.77 | 2.9 | 1,802,691 | -6,380 | BEARISH |
| EMH European Metals Holdings | 0.36 | 2.9 | 33,002 | -469 | BEARISH |