Freelancer

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

Momentum Oscillator

Score

0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 11.9 0.31% 0.40% 12.8% -2.6% 49.5%
SHORT 26 17.5 0.38% 0.56% 8.8% -7.1% -39.7%

Summary

Technical Analysis

Freelancer (FLN.AX)


Indicator:

MOMENTUM


Last Signal:

BEARISH


Trading: SELL @ $0.3
Signal Strength: MEDIUM
Recommendation:

Freelancer (ASX:FLN) currently has negative momentum of -0.055 This means the current price is less than the price 14 days ago and therefore losing momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.

Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];


PROFILE: Freelancer (FLN.AX)


Stock Exchange: ASX
Company: Freelancer
Ticker Codes: | FLN.AX | ASX:FLN |

About Freelancer (ASX:FLN):

Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. It operates through two segments, Online Marketplace and Online Payment Services. The company, through its marketplace, hires freelancers to do work in areas, such as software development, writing, data entry and design, engineering, sciences, sales and marketing, and accounting and legal services. It connects employers and freelancers from approximately 247 countries, regions, and territories. The company also provides escrow payment services. Freelancer Limited was founded in 2009 and is based in Sydney, Australia.

Top 10:

Momentum Oscillator

Download
Company Close Change(%) Volume Value Signal
REX Regional Express 0.54 33.8 285,693 -0.38 BEARISH
BBN Baby Bunting 2.11 24.1 1,475,856 -0.56 BEARISH
ISD Isentia 0.15 20.8 1,057,241 -0.03 BEARISH
AJX Alexium International 0.04 17.6 638,300 -0.02 BEARISH
ATL ASX 20 0.1 16.3 289,754 -0.15 BEARISH
VRL Village Roadshow 1.14 14 354,335 -1.96 BEARISH
SXY Senex Energy 0.17 13.8 12,737,087 -0.04 BEARISH
KMD Kathmandu 0.96 13 1,085,149 -1.42 BEARISH
BEE Broo 0.01 12.5 126,198 0 BEARISH
AGI Ainsworth Game Technology 0.41 12.3 313,697 -0.26 BEARISH