Emerchants

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

Sine Weighted Moving Average

Score

0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 12.8 0.31% 0.43% 12.2% -3.4% 42.9%
SHORT 32 12.1 0.25% 0.32% 11.9% -3.3% 12.8%

Summary

Technical Analysis

Emerchants (EML.AX)


Indicator:

SINE WEIGHTED MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $3.64
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.


Emerchants (ASX:EML) currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 3.4%.



A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.

Calculation: Sine Weighted Moving Average (SWMA):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den


PROFILE: Emerchants (EML.AX)


Stock Exchange: ASX
Company: Emerchants
Ticker Codes: | EML.AX | ASX:EML |

About Emerchants (ASX:EML):

EML Payments Limited, together with its subsidiaries, provides prepaid financial cards in Australia, Europe, the United States, and Canada. It issues mobile, virtual and physical card solutions for payouts, gifts, incentives and rewards, and supplier payments. The company was formerly known as Emerchants Limited and changed its name to EML Payments Limited in November 2016. EML Payments Limited was founded in 2001 and is headquartered in Newstead, Australia.

Top 10:

Sine Weighted Moving Average

Download
Company Close Change(%) Volume Value Signal
HLO Helloworld 4.57 6.3 183,138 3.4 BULLISH
KMD Kathmandu 2.63 5.6 110,689 8.2 BULLISH
RAP Resapp Health 0.21 5.1 312,117 14.8 BULLISH
IMD Imdex 1.47 5 351,531 0.4 BULLISH
EWC Energy World Corporation 0.09 4.9 314,710 16.2 BULLISH
EOS Electro Optic Systems Holdings 6.74 4.8 1,543,165 17 BULLISH
PNV Polynovo 2.17 4.8 2,807,337 1.2 BULLISH
VOC Vocus Communications 3.59 4.7 2,837,918 0.8 BULLISH
AHY Asaleo Care 1 4.7 454,083 0.6 BULLISH
BWX BWX 3.6 4.3 1,728,774 5.6 BULLISH