|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: SELL @ $4.41
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
BWX (ASX:BWX) sellers are keener than buyers and are driving the price down. This is the first day of price decline for BWX adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.8 & the greatest daily negative change this year has been -1.8. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -19.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.5%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.3x. Over the last month the average daily downward movement has been -1.400000%
The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: BWX (BWX.AX)
Stock Exchange: ASX
Ticker Codes: | BWX.AX | ASX:BWX |
BWX Limited, together with its subsidiaries, engages in the development, manufacture, marketing, distribution, and wholesale of natural body, hair, and skin care products in Australia and internationally. The company owns, produces, and distributes products under the Sukin, Derma Sukin, USpa, Edward Beale, and Renew Skincare brands. It is also involved in the manufacture of a suite of branded product for third parties, as well as advisory business. The company was incorporated in 2013 and is headquartered in Dandenong South, Australia.
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