Gowing Bros

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

Weighted Moving Average

Score

-2.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 8.9 0.15% 0.17% 0.4% -1.9% -32.7%
SHORT 18 30.6 0.33% 0.50% 2.5% -1.3% -0.8%

Summary

Technical Analysis

Gowing Bros (GOW.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $2.48
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.


Gowing Bros (ASX:GOW) currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 2.1%.



Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.

Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n


PROFILE: Gowing Bros (GOW.AX)


Stock Exchange: ASX
Company: Gowing Bros
Ticker Codes: | GOW.AX | ASX:GOW |

About Gowing Bros (ASX:GOW):

Gowing Bros. Limited operates as an investment and wealth management company in Australia. It operates through two divisions, Investment Management and Property Management. The Investment Management segment invests in securities listed on the Australian Stock Exchange in private equity vehicles, as well as loans, including mezzanine finance arrangements. The Property Management segment engages in the ownership and leasing of commercial properties; and the development and sale of residential and commercial properties. The company was founded in 1868 and is based in Pyrmont, Australia.

Top 10:

Weighted Moving Average

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