Eden Energy

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Range Change

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 73 4.5 0.44% 0.56% 6.1% -3.7% -14.5%
SHORT 71 7.6 0.54% 0.90% 8.4% -5.4% 89.2%

Summary

Technical Analysis

Eden Energy (EDE.AX)


Indicator:

RANGE CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $0.04
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.


Eden Energy (ASX:EDE) sellers are becoming less eager. There has been 2 consecutive days of range increase for EDE reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0060 & the greatest daily price range this year has been $0.0500. The price range ratio this week versus the quarterly price range is 0.8x & the price range ratio this month versus the year to date price range is 0.1x.

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