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

Aroon Oscillator

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 52.3 0.50% 1.00% 12.4% -5.0% 29.8%
SHORT 9 35.8 0.56% 1.25% 5.6% -3.8% 13.1%

Summary

Technical Analysis

Cimic (CIM.AX)


Indicator:

AROON OSCILLATOR


Last Signal:

STRONG BEARISH


Trading: SELL @ $44.69
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 been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Cimic (ASX:CIM) has a current ARU(25) of 8 and a current ARD(25) of 100



The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.

Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;


PROFILE: Cimic (CIM.AX)


Stock Exchange: ASX
Company: Cimic
Ticker Codes: | CIM.AX | ASX:CIM |

About Cimic (ASX:CIM):

CIMIC Group Limited provides construction, mining, mineral processing, engineering, concession, and operation and maintenance services to the infrastructure, resource, and property markets. The company operates through Construction, Public Private Partnerships, Mining & Mineral Processing, Engineering, Services, Commercial & Residential, and HLG segments. It constructs roads, rails, tunnels, airports, buildings, and social infrastructure projects, as well as water, energy, and resources facilities; oil and gas structures; and renewable energy infrastructure projects, such as utility-scale wind, geothermal energy, and waste-to-power installations. The company also provides end-to-end engineering, construction, and maintenance services across the rail and transport, communications and technology systems, oil and gas, power and resource, water, and defense markets, as well as contract mining services; and designs, constructs, and operates mineral processing plants and related mine site infrastructure. In addition, it offers operation, maintenance, and facilities and asset management services, as well as telecommunication and ICT solutions to industrial and commercial clients, and government agencies in water, energy, communications, infrastructure, and environmental sectors; and develops and invests in infrastructure projects. Further, the company provides commercial, residential and mixed-use property development services. It has operations in Australia, Asia, the Middle East, the Americas, and Africa. The company was formerly known as Leighton Holdings Limited and changed its name to CIMIC Group Limited in April 2015. The company was founded in 1949 and is headquartered in North Sydney, Australia. CIMIC Group Limited is a subsidiary of HOCHTIEF Australia Holdings Limited.

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Aroon Oscillator

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