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 Ray Index

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 44 12.0 0.61% 1.13% 1.7% -1.6% 7.7%
SHORT 43 6.5 0.44% 0.73% 1.4% -1.9% -23.2%

Summary

Technical Analysis

Dulux (DLX.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

NEUTRAL


Trading: HOLD @ $9.72
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.


Dulux (ASX:DLX)


A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


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:

Elder Ray Index

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Company Close Change(%) Volume Value Signal
MOC Mortgage Choice 0.91 14.5 663,230 0.11 BULLISH
MPL Medibank Private 3.21 11.5 23,800,298 0.02 BULLISH
MNY Money3 2.21 9.4 151,763 0.05 BULLISH
EML Emerchants 2.25 9.2 1,361,616 0.02 BULLISH
ALK Alkane Exploration 0.24 9.1 1,447,163 1.22 BULLISH
AHG Advance Healthcare 2.55 9 1,585,387 0.08 BULLISH
RHC Ramsay Health Care 69.58 7.3 1,172,273 0 BULLISH
CBA Commonwealth Bank 77.4 6.3 9,829,411 0.01 BULLISH
GGG Greenland Minerals 0.09 5.7 2,860,427 0.01 BULLISH
JBH Jb Hi-Fi 26.92 5.2 559,642 0.01 BULLISH