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%

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Trading Performance

Bill Williams Market Index

Score

0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 12.3 0.52% 0.93% 5.5% -2.7% 36.4%
SHORT 29 14.0 0.55% 1.23% 4.9% -3.8% 28.0%

Summary

Technical Analysis

ELD (ELD.AX)


Indicator:

MARKET FACILITATION INDEX


Last Signal:

BEARISH


Trading: SELL @ $5.93
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


ELD (ASX:ELD) Currently is a confirmed Fake Day.



The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.

Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;


PROFILE: ELD (ELD.AX)


Stock Exchange: ASX
Company: ELD
Ticker Codes: | ELD.AX | ASX:ELD |

About ELD (ASX:ELD):

Elders Limited provides livestock, real estate, and wool agency services to rural and regional customers primarily in Australia. It operates through Network, Feed and Processing, Live Export, and Other segments. The company offers rural farm inputs, such as seeds, fertilizers, agricultural chemicals, animal health products, and general rural merchandise, as well as professional production and cropping advisory services. It also provides on-farm sales to third parties, regular physical, and online public livestock auctions, as well as directly sells through its owned and third-party feedlots and livestock exporters; real estate agency and property management services; agency services for the sale of greasy wool; brokering services for wool growers; and grain marketing services. In addition, the company offers a range of banking, funding, insurance, and financial planning products and services. Further, it operates an integrated feedlot and abattoir; imports, processes, and distributes food products; and trades in dairy, feeder, slaughter, and breeding cattle and sheep. Additionally, the company provides investment services. Elders Limited was founded in 1839 and is headquartered in Adelaide, Australia.

Top 10:

Bill Williams Market Index

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EWC Energy World Corporation 0.07 15 2,437,137 1 BULLISH
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ASB Austal 3.05 3.4 2,243,948 1 BULLISH
CGC Consolidated Gaming Corporation 3.94 2.6 2,582,598 0 BULLISH
TBR Tribune Resources 4.8 2.6 32,147 1 BULLISH
PGC Paragon Care 0.45 2.3 1,784,097 1 BULLISH
RXP Rxp Services 0.44 2.3 244,238 0 BULLISH
OML Ooh!Media 4.17 2.2 941,827 1 BULLISH
BSE BSE 0.25 2.1 116,092 1 BULLISH