Commonwealth Bank

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

Elder's Force Index

Score

-0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 37 11.6 0.43% 0.67% 2.3% -1.7% -2.9%
SHORT 36 10.0 0.53% 1.06% 1.5% -1.5% -0.2%

Summary

Technical Analysis

Commonwealth Bank (CBA.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

BULLISH


Trading: BUY @ $82.3
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.


Commonwealth Bank (ASX:CBA) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1.29862e+006.



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: Commonwealth Bank (CBA.AX)


Stock Exchange: ASX
Company: Commonwealth Bank
Ticker Codes: | CBA.AX | ASX:CBA |

About Commonwealth Bank (ASX:CBA):

Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. It offers retail, premium, business, and institutional banking; and funds management, superannuation, insurance, investment, and share-broking products and services. The company provides retail banking services, including home loans, credit cards, personal loans, transaction accounts, and demand and term deposits through its Commonwealth Bank and Bankwest brands; and commercial products, such as business loans, equipment and trade finance, and rural and agribusiness products to corporations, government entities, and other institutions. It also manages investment portfolios, including active and indexed investment options, which consist of Australian and international shares, listed property, fixed interest, credit, infrastructure, private equity, and cash for a range of retail and wholesale clients. In addition, the company provides a range of life insurance, superannuation, retirement income, and general insurance products. It serves its customers through branch, online, and mobile channels. Commonwealth Bank of Australia was founded in 1911 and is headquartered in Sydney, Australia.

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Elder's Force Index

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