Freedom Nutritional Products

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

Triangular Moving Average

Score

-0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 17.0 0.32% 0.47% 6.4% -3.3% -5.7%
SHORT 22 17.6 0.36% 0.57% 4.5% -3.7% -16.3%

Summary

Technical Analysis

Freedom Nutritional Products (FNP.AX)


Indicator:

TRIANGULAR MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $5.2
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.


Freedom Nutritional Products (ASX:FNP) currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -1.0%.



A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.

Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;


PROFILE: Freedom Nutritional Products (FNP.AX)


Stock Exchange: ASX
Company: Freedom Nutritional Products
Ticker Codes: | FNP.AX | ASX:FNP |

About Freedom Nutritional Products (ASX:FNP):

Freedom Foods Group Limited engages in sourcing, manufacturing, selling, marketing, and distributing specialty cereal and snacks in Australia and internationally. It offers gluten free, wheat free, nut free, nutritional oat based, low sugar or salt, or highly fortified products, such as breakfast cereals, snack bars, and other complimentary products. The company also provides UHT food and beverage products, including liquid stocks, soy, rice, almond, and dairy milk beverages; canned seafood products comprising sardines, salmon, and specialty sea foods; and nutritional powders, bars, and drinks. In addition, it invests in dairy farming operations. The company is based in Taren Point, Australia. Freedom Foods Group Limited is a subsidiary of Arrovest Pty Limited.

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