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

Strong Reversal

Score

-22.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 1 435.0 0.00% 0.00% 0.0% -45.8% -45.8%
SHORT 2 333.5 0.50% 1.00% 87.5% -33.3% 54.2%

Summary

Technical Analysis

Eden Energy (EDE.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $0.049
Signal Strength: STRONG
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Eden Energy (ASX:EDE) No strong reversal signals currently present. Previous signals for EDE include:


No Bullish Engulfing formations in the last 12 months


No Bullish Engulfing formations in the last 12 months.


No Bullish Engulfing formations in the last 12 months.


No Bear Engulfing formations in the last 12 months.


[BEARISH]: Eden Energy has formed a bearish Dark Cloud Cover reversal pattern 85 days ago on the 26 Jun 2019. This means, EDE has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.


[BULLISH]: Eden Energy has formed a Bullish Piercing reversal pattern 288 days ago on the 05 Dec 2018. This means, EDE has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.


PROFILE: Eden Energy (EDE.AX)


Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | ASX:EDE |

About Eden Energy (ASX:EDE):

Eden Innovations Ltd. provides various clean technology solutions. The company offers EdenCrete, a carbon nanotube enriched admixture for concrete; and OptiBlend, a retrofit dual fuel kit for diesel generator sets. It also provides Pyrolysis, a technology to produce carbon nanotube, and carbon nanofibre and hydrogen; Hythane, a blend of hydrogen and natural gas; and EdenPlast, a CNT enriched polymers and plastics. The company was formerly known as Eden Energy Ltd. and changed its name to Eden Innovations Ltd. in November 2016. Eden Innovations Ltd. was incorporated in 2004 and is based in Perth, Australia.

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