What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade 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%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

MACD

Score

-1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 25 14.9 0.52% 1.08% 5.5% -2.5% 41.2%
SHORT 25 14.6 0.12% 0.14% 5.5% -4.5% -83.1%

Summary

Technical Analysis

Codan (CDA.AX)


Indicator:

MACD


Last Signal:

BEARISH


Trading: SELL @ $7.45
Signal Strength: STRONG
Recommendation:

Codan (ASX:CDA) currently has negative MACD of -0.1133. This means the signal line is less than the MACD line signalling a bearish movement.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;


PROFILE: Codan (CDA.AX)


Stock Exchange: ASX
Company: Codan
Ticker Codes: | CDA.AX | ASX:CDA |

About Codan (ASX:CDA):

Codan Limited develops rugged and electronics solutions for government, corporate, NGO, and consumer markets in Australia. The company operates through three segments: Communications Equipment, Metal Detection, and Tracking Solutions. It designs and manufactures communications equipment for high frequency and land mobile radio applications. The company also provides recreational products, gold detectors, and detecting and clearing improvised explosive devices; and tracking, productivity, and safety solutions for underground hard-rock mines, as well as associated software for the mining sector. In addition, it provides design and product development, manufacturing, and support services to the Australian defense industry. The company also exports its products to approximately 150 countries. Codan Limited was founded in 1959 and is headquartered in Mawson Lakes, Australia.

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