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

Aroon Oscillator

Score

1.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 7 75.0 1.00% % 8.5% % 59.5%
SHORT 7 30.3 0.29% 0.40% 4.2% -1.8% -0.5%

Summary

Technical Analysis

Goodman (GMG.AX)


Indicator:

AROON OSCILLATOR


Last Signal:

BULLISH


Trading: BUY @ $14.86
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 been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Goodman (ASX:GMG) has a current ARU(25) of 100 and a current ARD(25) of 4



The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.

Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;


PROFILE: Goodman (GMG.AX)


Stock Exchange: ASX
Company: Goodman
Ticker Codes: | GMG.AX | ASX:GMG |

About Goodman (ASX:GMG):

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally. Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.

Top 10:

Aroon Oscillator

Download
Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.08 10.8 945,847 20 BULLISH
PNV Polynovo 1.4 9.8 3,261,201 96 BULLISH
GGG Greenland Minerals 0.14 8 2,362,420 80 BULLISH
CLQ Clean Teq Holdings 0.32 6.7 1,263,824 52 BULLISH
COE Cooper Energy 0.56 5.7 2,753,925 36 BULLISH
NAN Nanosonics 5.6 5.7 3,678,008 40 BULLISH
MVF Monash IVF 1.46 5.4 1,302,784 92 BULLISH
BSA Broadcast Services Australia 0.3 5.3 140,508 8 BULLISH
OMH OM Holdings 0.91 5.2 125,747 36 BULLISH
MEZ Meridian Energy 4.41 5 29,189 56 BULLISH