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

-0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 24 17.0 0.33% 0.44% 5.7% -2.6% -0.4%
SHORT 24 14.0 0.21% 0.26% 9.7% -3.8% -22.9%

Summary

Technical Analysis

Gentrack (GTK.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $5.81
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.


Gentrack (ASX:GTK) 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 0.0%.



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: Gentrack (GTK.AX)


Stock Exchange: ASX
Company: Gentrack
Ticker Codes: | GTK.AX | ASX:GTK |

About Gentrack (ASX:GTK):

Gentrack Group Limited engages in the development, integration, and support of enterprise billing and customer management software solutions for the energy and water utility, and airport industries worldwide. It operates in two segments, Utility Billing Software and Airport Management Software. The company's primary software products include Gentrack Velocity, Junifer, Airport 20/20, BlipTrack, and Concessionaire Analyzer+ (CA+). The company's Velocity and Junifer solutions provide billing and customer management solutions for energy and water suppliers. Its Airport 20/20, BlipTrack, and CA+ offers a solution suite to connect and unlock the airport operations, revenues, concessions, and passengers data. The company was founded in 1989 and is headquartered in Auckland, New Zealand.

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Weighted Moving Average

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