Trading indicator
Elder's Force IndexBacktest 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
Elder's Force Index
Score
0.45
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 16 | 27.1 | 0.63% | 1.43% | 4.8% | -3.9% | 20.8% |
| SHORT | 16 | 18.4 | 0.38% | 0.55% | 5.4% | -2.5% | 4.8% |
Summary
Technical Analysis
Cochlear (COH.AX)
Indicator:
ELDERS FORCE INDEX
Last Signal:
BULLISH
Trading: BUY @ $219.11
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.
Cochlear (ASX:COH) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 162369.
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: Cochlear (COH.AX)
Stock Exchange: ASX
Company: Cochlear
Ticker Codes: | COH.AX | ASX:COH |
Cochlear Limited provides implantable hearing solutions. The company offers cochlear implants, including Nucleus 6 system and Kanso sound processors; Carina middle-ear implants and accessories; Baha bone conduction implants, such as Baha attract system, Baha connect system, Baha softband, Baha 5 sound processor, Baha 5 power, Baha 5 superpower, other sound processors, and wireless accessories; and Cochlear true Wireless devices comprising mini microphones, phone clips, and TV streamers. It also provides Cochlear Vistafix bone-anchored facial prosthetic solutions to enhance the attachment and cosmetic outcome of facial prostheses. The company sells its products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cochlear Limited has a strategic collaboration with Sensorion to focus on improving hearing outcomes in patients with cochlear implants. The company was incorporated in 1983 and is headquartered in Sydney, Australia.
Top 10:
Elder's Force Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| ONE Oneview Healthcare | 0.29 | 11.8 | 184,305 | 206 | BULLISH |
| SLR Silver Lake Resources | 1.45 | 8.2 | 9,252,383 | 58 | BULLISH |
| PRU Perseus Mining | 0.71 | 6.8 | 12,414,565 | 6,960 | BULLISH |
| AEF Australian Ethical Investments | 2.03 | 6.8 | 76,257 | 57 | BULLISH |
| MLX Metals X | 0.25 | 6.4 | 2,769,031 | 6,486 | BULLISH |
| AQG Alacer Gold Corp | 5.42 | 6.3 | 936,317 | 1 | BULLISH |
| NST Northern Star Resources | 13.47 | 6 | 4,840,454 | 427 | BULLISH |
| OMH OM Holdings | 0.86 | 5.5 | 28,581 | 2,556 | BULLISH |
| WAF West African Resources | 0.39 | 5.4 | 3,897,020 | 22 | BULLISH |
| URF Us Masters Residential Property Fund | 0.9 | 4.7 | 25,678 | 21,485 | BULLISH |