Genesis Energy

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

Ease of Movement

Score

0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 112 4.4 0.64% 1.22% 1.0% -1.0% 13.9%
SHORT 112 4.0 0.58% 1.03% 1.2% -1.4% -11.9%

Summary

Technical Analysis

Genesis Energy (GNE.AX)


Indicator:

EASE OF MOVEMENT


Last Signal:

BEARISH


Trading: SELL @ $3.08
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.


Genesis Energy (ASX:GNE) current price have moved downwards on low volume. Currently, the EOM is -6.469.



The Ease of Movement (EOM) is a technical momentum indicator that is used to illustrate the relationship between the rate of an assets price change and its volume. This indicator attempts to identify the amount of volume required to move prices. Generally a value greater than zero is an indication that the stock is being accumulated (bought) and negative values are used to signal increased selling pressure. A high positive value appears when prices move upward on low volume. Strong negative numbers indicate that price is moving downward on low volume.

Calculation: Ease of Movement (EOM):
1) Distance Moved = ((H + L)/2 - (Prior H + Prior L)/2);
2) Box Ratio = ((V/100 000 000)/(H - L));
3) 1-Period EMV = ((H + L)/2 - (Prior H + Prior L)/2) / ((V/100 000 000)/(H - L));
4) 14-Period Ease of Movement = 14-Period simple moving average of 1-period EMV


PROFILE: Genesis Energy (GNE.AX)


Stock Exchange: ASX
Company: Genesis Energy
Ticker Codes: | GNE.AX | ASX:GNE |

About Genesis Energy (ASX:GNE):

Genesis Energy Limited generates, trades in, and sells electricity to homes and businesses in New Zealand. The company generates electricity from thermal, hydro, and wind sources. Its Customer segment supplies energy, including electricity, gas, and LPG to end-users, as well as provides related services. The company's Wholesale segment engages in the supply of electricity to the wholesale electricity market; supply of gas, LPG, and coal to wholesale customers and the customer segment; and purchase and sale of derivatives to fix the price of electricity. Its Kupe segment is involved in the exploration, development, and production of gas and petroleum products; and supply of gas and LPG to the wholesale segment, and light oil. The company's generation asset portfolio includes the Huntly power station with a generation capacity of 953 MW; 3 Tongariro hydro power stations with a generation capacity of 361.8 MW; Waikaremoana hydro power scheme comprising 3 power stations with a generation capacity of 36 MW, 60 MW, and 42 MW respectively; Tekapo power station with 187 MW generation capacity; and Hau Nui wind farm with 15 wind turbines. It sells electricity, natural gas, and LPG to approximately 505,000 customers under the Genesis Energy and Energy Online brands; and holds a 46% interest in the Kupe oil and gas fields located in Taranaki. The company was formerly known as Genesis Power Limited and changed its name to Genesis Energy Limited in September 2013. Genesis Energy Limited was incorporated in 1998 and is headquartered in Auckland, New Zealand.

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Ease of Movement

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