ERM Power

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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Code Company Date Close Change Indicator Value Signal

Trading Performance

Weak Reversal



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 21.3 0.75% 3.00% 4.3% -3.2% 29.1%
SHORT 12 38.5 0.42% 0.71% 6.1% -4.8% -3.2%


Technical Analysis

ERM Power (EPW.AX)



Last Signal:


Trading: SELL @ $1.7
Signal Strength: STRONG

Indicator CAN BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.

ERM Power (ASX:EPW) has formed a new Three Black Crows reversal pattern.

This pattern indicates a strong reversal in the market. It is characterized by three normal or long candlesticks decrementing downwards. The opening of each day is slightly higher than previous close and prices progressively close at lower levels. This staircase like behaviour signals the reversal of the trend. Calculation: Three Black Crows Candlestick Pattern: 1) The market is characterized by a prevailing uptrend; 2) Three consecutive normal or long black candlesticks are observed; 3) Each candlestick opens within the body of the previous day; 4) Candlesticks progressively close at new lows below the preceding day;


Stock Exchange: ASX
Company: ERM Power
Ticker Codes: | EPW.AX | ASX:EPW |

About ERM Power (ASX:EPW):

ERM Power Limited, a diversified energy company, engages in electricity sales and electricity generation businesses in Australia and the United States. The company operates through Business Energy Australia, Business Energy US, Generation Assets, and Other segments. It operates 662 megawatts of low emission gas fired power stations in Western Australia and Queensland. The company is also involved in the gas, metering, data analytics, and lighting solutions business. It sells electricity to the commercial and industrial business customers. The company was founded in 1980 and is headquartered in Brisbane, Australia.

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