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

Average Directional Index

Score

57.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 2 94.0 0.50% 1.00% 25.6% -50.6% -25.0%
SHORT 1 462.0 1.00% % 115.4% % 115.4%

Summary

Technical Analysis

Eden Energy (EDE.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

MEDIUM TREND


Trading: HOLD @ $0.049
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Eden Energy (ASX:EDE) has confirmed a strong trend is present. Eden Energy has an ATR(14) of 0.007, a DX of 44.72 & an ADX(14) of 29.71



The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;


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:

Average Directional Index

Download
Company Close Change(%) Volume Value Signal
BOC Bougainville Copper 0.12 20 116,647 -13.19 NEUTRAL
EOS Electro Optic Systems Holdings 7.23 8.2 392,340 -15.45 NEUTRAL
OPT Opthea 3.58 7.5 405,885 19.68 NEUTRAL
GNG GR Engineering Services 0.82 7.2 8,204 15.11 NEUTRAL
BVS Bravura Solutions 4.03 7.2 3,476,269 -21.14 NEUTRAL
TBR Tribune Resources 8.48 5.7 39,305 21.53 NEUTRAL
VRT Virtus Health 4.41 5.5 447,549 72.75 NEUTRAL
VRL Village Roadshow 3.1 4.7 145,297 29.67 NEUTRAL
AYS Amaysim Australia 0.35 4.5 389,809 -24.24 NEUTRAL
MEZ Meridian Energy 5 4 31,416 9.88 NEUTRAL