Downer EDI

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

Triangular Moving Average

Score

-0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 25 18.5 0.36% 0.56% 4.6% -2.0% 9.2%
SHORT 24 12.9 0.17% 0.20% 5.7% -1.8% -12.8%

Summary

Technical Analysis

Downer EDI (DOW.AX)


Indicator:

TRIANGULAR MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $7.94
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.


Downer EDI (ASX:DOW) currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.4%.



A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.

Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;


PROFILE: Downer EDI (DOW.AX)


Stock Exchange: ASX
Company: Downer EDI
Ticker Codes: | DOW.AX | ASX:DOW |

About Downer EDI (ASX:DOW):

Downer EDI Limited operates as a services provider in Australia, New Zealand, the Asia-Pacific, South America, and Southern Africa. Its Transport segment engages in road, rail infrastructure, bridge, airport, and port businesses; and provides earthworks, civil construction, asset management, maintenance, surfacing and stabilization, open space and facilities management, and rail track signaling and electrification works services, as well as supplying bituminous products and logistics services. Its Utilities segment plans, designs, constructs, operates, maintains, manages, and decommissions power and gas network assets, as well as operates in the renewable energy business; provides pipeline bursting and civil maintenance solutions for municipal and industrial water users; and designs, builds, and maintains wind farms and turbine sites, and solar farms. This segment also offers feasibility, design, civil and network construction, commissioning, testing, and operation and maintenance services for fiber, copper, and radio networks; and data center, automated ticketing, and intelligent transport technology services. Its Rail segment offers passenger and freight build, operations and maintenance, component overhauls, and after-market services. Its Engineering, Construction and Maintenance segment provides design, engineering, construction, and maintenance services for greenfield and brownfield projects for various sectors in a range of stages of the project lifecycle. Its Mining segment provides asset management, blasting, crushing, exploration drilling, mine closure and site rehabilitation, mobile plant maintenance, open cut mining, tyre management, and underground mining services; supplies explosives; undertakes civil projects; and trains and develops ATSI employees. Its Spotless segment offers outsourced facility, catering and laundry, and technical and engineering services, as well as refrigeration solutions. The company is headquartered in North Ryde, Australia.

Top 10:

Triangular Moving Average

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