Trading indicator
Exponential Moving AverageBacktest 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% |
Trading Performance
Exponential Moving Average
Score
-0.35
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 36 | 8.3 | 0.19% | 0.24% | 4.3% | -1.7% | -19.8% |
| SHORT | 37 | 13.2 | 0.35% | 0.54% | 4.9% | -2.2% | 11.9% |
Summary
Technical Analysis
Challenger Financial Services (CGF.AX)
Indicator:
EXPONENTIAL MOVING AVERAGE
Last Signal:
BEARISH
Trading: SELL @ $6.57
Signal Strength: STRONG
Recommendation:
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Challenger Financial Services (ASX:CGF) currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.8%.
An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.
Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).
PROFILE: Challenger Financial Services (CGF.AX)
Stock Exchange: ASX
Company: Challenger Financial Services
Ticker Codes: | CGF.AX | ASX:CGF |
Challenger Limited is a publicly owned investment manager. The company also provides retirement services to its clients. It manages equity mutual funds. The firm invests into the public equity markets. Challenger Limited was founded in 1985 and is based in Australia, Asia and United Kingdom.
Top 10:
Exponential Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| ADH Adairs | 1.48 | 18.4 | 5,926,270 | -16.7 | BEARISH |
| TLG Talga Gold | 0.49 | 6.6 | 113,070 | -4.9 | BEARISH |
| PAC Pacsoft | 4.42 | 4.5 | 113,651 | -2.8 | BEARISH |
| TRS Reject Shop | 2.02 | 3.6 | 55,060 | -1.4 | BEARISH |
| SGF SG Fleet | 2.92 | 3.5 | 163,398 | -1.8 | BEARISH |
| GEM G8 Education | 2.95 | 2.8 | 2,470,719 | -0.1 | BEARISH |
| SMX Sms Management & Technology | 0.37 | 2.8 | 268,186 | -3.4 | BEARISH |
| PPC Peet & Company | 1.15 | 2.7 | 56,115 | -1.4 | BEARISH |
| MLD Maca | 0.93 | 2.2 | 714,054 | -4.2 | BEARISH |
| NZM Nzme | 0.48 | 2.1 | 97,615 | -0.7 | BEARISH |