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

Basic Candlestick



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 119 4.1 0.37% 0.54% 3.1% -2.3% -46.5%
LONG 118 4.0 0.31% 0.44% 4.6% -2.5% -41.1%


Technical Analysis

Flexigroup (FXL.AX)



Last Signal:


Trading: SELL @ $1.625
Signal Strength: WEAK

Indicator MUST 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.

Flexigroup (ASX:FXL) has formed a Short Black candlestick. This means, FXL has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

This candlestick implies a relatively weak selling pressure with a limited price movement.

Calculation: Short Black Candlestick:
1) The body of the candlestick is black and small;

PROFILE: Flexigroup (FXL.AX)

Stock Exchange: ASX
Company: Flexigroup
Ticker Codes: | FXL.AX | ASX:FXL |

About Flexigroup (ASX:FXL):

FlexiGroup Limited provides consumer revolving financing, leasing, and rental financing services in Australia, New Zealand, and Ireland. The company operates through Certegy, Australia Cards, Australia Leasing, New Zealand Leasing, and New Zealand Cards segments. It offers leasing services to consumers, businesses, and corporations under the FlexiRent, FlexiWay, FlexiCommercial, FlexiEnterprise, and SmartWay brands; and interest free finance to enable customers to facilitate purchases at participating retailer's point of sale and online. The company also provides no interest ever, interest free and Visa cards, vendor finance programs, buy now pay later, and other finance solutions to consumers and businesses. In addition, it offers non-bank consumer credit services. The company serves various industries, including travel and home improvement, jewelery, technology, furniture, education, government, solar, and point of sale systems; and business to consumer, business to business, retail to consumers, and online markets through a network of 24,000 merchant, vendor, and retail partners. FlexiGroup Limited was founded in 1988 and is headquartered in Sydney, Australia.

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