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

Commodity Channel Index

Score

-0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 51 8.2 0.51% 0.81% 6.5% -7.0% -56.3%
SHORT 51 7.7 0.71% 1.89% 5.1% -8.2% 27.2%

Summary

Technical Analysis

Eden Energy (EDE.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.04
Signal Strength: MEDIUM
Recommendation:

Eden Energy (ASX:EDE) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -177. The bearish signal has been active for 21 days. During the quarter, the highest CCI value was 138.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;


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.

Top 10:

Commodity Channel Index

Download
Company Close Change(%) Volume Value Signal
NZM Nzme 0.4 9.7 33,947 -144 BULLISH
MDC Mcconnell Dowell Corporation 0.33 8.3 141,646 -129 BULLISH
AGI Ainsworth Game Technology 0.75 7.1 29,508 27 BULLISH
BLX Beacon Lighting 1.19 4.9 18,379 88 BULLISH
WGX Westgold Resources 2.02 4.7 754,685 155 BULLISH
PNV Polynovo 1.74 4.5 3,873,454 7 BULLISH
DCN Dacian Gold 1.49 3.8 2,286,130 35 BULLISH
ALK Alkane Exploration 0.57 3.7 2,428,209 82 BULLISH
BWX BWX 4.44 3.3 521,305 8 BULLISH
CGS Cogstate 0.32 3.2 30,900 140 BULLISH