Trading indicator
Exponential Moving AverageTrade 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% |
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
Exponential Moving Average
Score
0.35
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 27 | 8.9 | 0.11% | 0.12% | 39.9% | -5.0% | -5.3% |
| SHORT | 28 | 19.6 | 0.39% | 0.52% | 17.7% | -4.9% | 91.0% |
Summary
Technical Analysis
Eden Energy (EDE.AX)
Indicator:
EXPONENTIAL MOVING AVERAGE
Last Signal:
BULLISH
Trading: BUY @ $0.045
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.
Eden Energy (ASX:EDE) currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 4.7%.
An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.
Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).
PROFILE: Eden Energy (EDE.AX)
Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | 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:
Exponential Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| CDD Cardno | 0.49 | 1 | 34,635 | 0.9 | NEUTRAL |
| DFM Dongfang Modern Agriculture | 0.83 | 0 | 0 | 0 | NEUTRAL |
| FIG Freedom Insurance | 0.02 | 0 | 0 | 0 | NEUTRAL |
| GCY Gascoyne Resources | 0.04 | 0 | 0 | 0 | NEUTRAL |
| IRD Iron Road | 0.05 | 0 | 0 | 0 | NEUTRAL |
| ISX Isignthis | 1.07 | 0 | 0 | 0 | NEUTRAL |
| ATM Aneka Tambang | 1 | 0 | 0 | 0 | NEUTRAL |
| BLA Blue Sky | 0.19 | 0 | 0 | 0 | NEUTRAL |
| PNC Pioneer Credit | 2.46 | 0 | 0 | 0 | NEUTRAL |
| SAS Sky And Space Global | 0.03 | 0 | 0 | 0 | NEUTRAL |