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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Bollinger Bands



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 9.0 0.08% 0.08% 45.8% -6.6% -66.6%
SHORT 27 20.2 0.33% 0.50% 23.1% -7.2% 78.0%


Technical Analysis

Eden Energy (EDE.AX)



Last Signal:


Trading: HOLD @ $0.049
Signal Strength: STRONG

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.

Eden Energy (ASX:EDE) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 38.64% with a current width of 8.89.

The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);

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:

Bollinger Bands

Company Close Change(%) Volume Value Signal
ZEL Zeolite Australia 5.26 5 38,386 -28.05 BEARISH
SYR Syrah Resources 0.54 4.9 2,557,693 -24.49 BEARISH
CEN Central Australian Phosphate 7.9 4.4 81 -13.85 BEARISH
DWS DWS 1.06 3.9 52,674 -15.79 BEARISH
DNA Donaco International 0.06 3.4 1,983,098 -22.75 BEARISH
PGH Pact 2.3 3.1 1,433,609 -23.78 BEARISH
ALU Altium 34.89 2.9 877,459 -27.1 BEARISH
APX Appen 22.16 2.7 1,693,015 -26.5 BEARISH
PGC Paragon Care 0.4 2.6 347,093 -8.02 BEARISH
HFR Highfield Resources 0.79 2.6 35,368 -32.56 BEARISH