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

Exponential Moving Average

Score

-0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 44 10.2 0.23% 0.28% 6.5% -1.1% 25.6%
SHORT 44 8.3 0.25% 0.33% 2.3% -1.2% -13.3%

Summary

Technical Analysis

Dulux (DLX.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $9.76
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 the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Dulux (ASX:DLX) currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.1%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


PROFILE: Dulux (DLX.AX)


Stock Exchange: ASX
Company: Dulux
Ticker Codes: | DLX.AX | ASX:DLX |

About Dulux (ASX:DLX):

DuluxGroup Limited manufactures, markets, sells, and distributes paints, coatings, adhesives, and garden care and other building products in Australia, New Zealand, Papua New Guinea, China, South East Asia, and the United Kingdom. The company's Dulux ANZ segment offers decorative paints, as well as woodcare, texture, protective, powder, and industrial coatings for consumer and professional trade markets. Its Selleys & Parchem ANZ segment provides adhesives, sealants, and other household repair and maintenance products for the consumer and professional trade markets; and construction chemicals, decorative concrete solutions, and related equipment. The company's B&D Group segment offers garage doors and electronic openers for residential, commercial, and industrial use. Its Lincoln Sentry segment distributes branded cabinet and architectural hardware to the cabinet making, window, door, and glazing industries. The company's Other Businesses segment offers garden care and home improvement products; and decorative and specialty coatings, adhesives, and paints. DuluxGroup Limited was founded in 1918 is headquartered in Clayton, Australia.

Top 10:

Exponential Moving Average

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