Energy World Corporation

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%

What indicators would you like to backtest?

Trading Performance

Elder Ray Index

Score

-1.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 51 10.9 0.39% 0.54% 4.4% -6.9% -165.8%
SHORT 52 5.0 0.62% 1.03% 4.0% -4.6% -15.2%

Summary

Technical Analysis

Energy World Corporation (EWC.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.068
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.


Energy World Corporation (ASX:EWC) Elder Ray Index is signalling a Bullish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


PROFILE: Energy World Corporation (EWC.AX)


Stock Exchange: ASX
Company: Energy World Corporation
Ticker Codes: | EWC.AX | ASX:EWC |

About Energy World Corporation (ASX:EWC):

Energy World Corporation Ltd, an independent energy company, produces and sells power and natural gas primarily in the Asia Pacific region. It designs, develops, constructs, operates, and maintains power stations, liquefied natural gas (LNG) plants, gas processing plants, and gas pipelines; explores, develops, and produces gas and oil; and designs and develops LNG receiving terminals. The company also engages in the road transportation of LNG. It owns and operates a 315 MW combined cycle power plant in Sengkang, South Sulawesi, Indonesia; and an 8.68 MW power plant in Alice Springs, Northern Territory, Australia. The company also has gas interests in the Sengkang contract area in south Sulawesi, Indonesia; and in Gilmore and Eromanga gas fields in Queensland, Australia. Energy World Corporation Ltd has strategic alliances with Slipform Engineering International (H.K.) Ltd; Chart; Siemens; Energy World International Ltd.; and Strike Energy Limited. The company was formerly known as Conversion Technology and changed its name to Energy World Corporation Ltd in 2001. Energy World Corporation Ltd was incorporated in 1985 and is headquartered in Seaforth, Australia.

Top 10:

Elder Ray Index

Download
Company Close Change(%) Volume Value Signal
CLQ Clean Teq Holdings 0.42 10.7 6,001,446 0.63 BULLISH
RIC Ridley Corporation 1.24 7.9 738,777 0 BULLISH
TBR Tribune Resources 5.6 7.7 37,233 1.19 BULLISH
SAR Saracen Mineral 3.85 6.1 9,477,928 0.02 BULLISH
KAR Karoon Gas Australia 0.96 6.1 733,981 0.05 BULLISH
CSV CSG 0.18 6.1 316,092 0.16 BULLISH
SBM St Barbara Mines 3.08 5.5 15,379,603 0.04 BULLISH
BFC Beston Global Food 0.11 5 372,431 0.01 BULLISH
GAP Gale Pacific 0.32 4.9 153,394 0.12 BULLISH
WAF West African Resources 0.33 4.8 3,311,755 0.03 BULLISH