Cedar Woods Properties

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

Basic Candlestick



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 102 4.3 0.41% 0.62% 1.8% -1.4% -15.4%
SHORT 103 4.8 0.30% 0.41% 2.6% -1.6% -36.4%


Technical Analysis

Cedar Woods Properties (CWP.AX)



Last Signal:


Trading: HOLD @ $5.78
Signal Strength: WEAK

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.

Cedar Woods Properties (ASX:CWP) has formed a White Spinning Top candlestick. This means, CWP has opened and closed within a small range with a upper and lower shadow that is longer than the body of the candle. This has similar traits to that of a doji candle highlighting the supply and demand indecision Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

This candlestick has a tiny white body with upper and lower shadows that have a greater length than the body. It is accepted as a type of Doji and will act as a Doji when it appears.

Calculation: White Spinning Top Candlestick:
1) The body of the candlestick is white and very small;
2) The upper and lower shadows are longer than the body;

PROFILE: Cedar Woods Properties (CWP.AX)

Stock Exchange: ASX
Company: Cedar Woods Properties
Ticker Codes: | CWP.AX | ASX:CWP |

About Cedar Woods Properties (ASX:CWP):

Cedar Woods Properties Limited engages in property investment and development activities in Australia. The company is involved in the urban land subdivision and development of residential, commercial, and retail projects in Western Australia, Victoria, and Queensland. It offers small affordable housing lots at its residential estates and luxury apartments at boutique waterfront developments. Cedar Woods Properties Limited was founded in 1987 and is headquartered in West Perth, Australia.

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