Dongfang Modern Agriculture

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

Close Change

Score

-1.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 106 4.1 0.31% 0.38% 2.5% -1.4% -41.7%
SHORT 107 4.6 0.35% 0.46% 2.0% -1.5% -42.8%

Summary

Technical Analysis

Dongfang Modern Agriculture (DFM.AX)


Indicator:

PRICE CHANGE


Last Signal:

NEUTRAL


Trading: NO POSITION @ $0.83
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Dongfang Modern Agriculture (ASX:DFM) Neither buyers are keener than sellers translating to the price remaining flat for Dongfang Modern Agriculture. There has been 7 consecutive days of no movement DFM adding strength to indecision in the first timeframe. The longest consecutive number of unchanged days over the last 12 months has been 7 days, of which a total of 7 have occurred this month. The ratio of neutral days against total trading days equals 0x



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


PROFILE: Dongfang Modern Agriculture (DFM.AX)


Stock Exchange: ASX
Company: Dongfang Modern Agriculture
Ticker Codes: | DFM.AX | ASX:DFM |

About Dongfang Modern Agriculture (ASX:DFM):

Dongfang Modern Agriculture Holding Group Limited engages in the cultivation and sales of various agricultural produce in the People's Republic of China. The company produces citrus fruit tangerines, pomelos, navel oranges, and camellia fruits and related products. It controls 21 plantations spanning approximately 10,763 hectares in the Ganzhou City District within the Jiangxi Province. Dongfang Modern Agriculture Holding Group Limited sells its products primarily to wholesale customers. The company was founded in 2005 and is based in Brisbane, Australia.

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