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

0.45

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 |

About Cochlear (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

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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
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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