Cabcharge Australia

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%

What indicators would you like to backtest?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder Ray Index

Score

1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 10.2 0.54% 1.08% 4.6% -2.2% 36.8%
SHORT 26 9.3 0.58% 1.36% 4.9% -3.8% 31.8%

Summary

Technical Analysis

Cabcharge Australia (CAB.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BULLISH


Trading: BUY @ $2.25
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.


Cabcharge Australia (ASX:CAB) Elder Ray Index is signalling a Bullish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


PROFILE: Cabcharge Australia (CAB.AX)


Stock Exchange: ASX
Company: Cabcharge Australia
Ticker Codes: | CAB.AX | ASX:CAB |

About Cabcharge Australia (ASX:CAB):

Cabcharge Australia Limited provides personal transport solutions to passengers, drivers, and taxi operators in Australia. The company offers Cabcharge Plus, a cloud based travel management solution that facilitates taxi booking and dispatching, as well as provides real-time electronic trip information and ATO compliant receipt access services. It also provides cashless methods for paying Taxi fares under the Cabcharge FASTCARD, FASTeTICKET, and FLEXeTICKET names; and Cabcharge gift cards, as well as FAREWAYplus, an in-car payment processing terminal. In addition, the company offers taxi booking applications for the 13CABS, Silver Service, and Yellow Cabs brands. Further, it provides taxi fit-out and repair, vehicle financing and insurance, and driver training and education services. The company was founded in 1976 and is based in Sydney, Australia.

Top 10:

Elder Ray Index

Download
Company Close Change(%) Volume Value Signal
IRD Iron Road 0.06 9.4 30,400 -0.01 BEARISH
RBL Rib Loc 1 8.1 956,642 -0.01 BEARISH
SMX Sms Management & Technology 0.29 7.4 110,885 0 BEARISH
JIN Jin 8 7 105,584 -0.03 BEARISH
KAR Karoon Gas Australia 0.96 6.7 1,123,504 -0.07 BEARISH
KGN Kogan 3.23 6.6 1,548,729 -0.01 BEARISH
WTC Wisetech Global 18.67 6.5 1,480,300 -0.04 BEARISH
MLX Metals X 0.42 6.3 12,599,160 -0.01 BEARISH
MYR Myer 0.43 6.2 1,257,865 -0.11 BEARISH
WAF West African Resources 0.3 5.4 412,407 -0.04 BEARISH