Trading indicator
Average Directional IndexBacktest 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% |
Trading Performance
Average Directional Index
Score
-13.85
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 2 | 238.5 | 0.50% | 1.00% | 6.1% | -17.3% | -11.2% |
| SHORT | 2 | 92.5 | 0.00% | 0.00% | 0.0% | -13.6% | -27.2% |
Summary
Technical Analysis
Hansen Technologies (HSN.AX)
Indicator:
AVG DIRECTIONAL INDEX
Last Signal:
MEDIUM TREND
Trading: HOLD @ $3.83
Signal Strength: MEDIUM
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.
Hansen Technologies (ASX:HSN) has confirmed a strong trend is present. Hansen Technologies has an ATR(14) of 0.106, a DX of 18.63 & an ADX(14) of 37.67
The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.
Calculation: Average Directional Movement Index (ADX):
Trend Strength
;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;
PROFILE: Hansen Technologies (HSN.AX)
Stock Exchange: ASX
Company: Hansen Technologies
Ticker Codes: | HSN.AX | ASX:HSN |
Hansen Technologies Ltd develops, integrates, and supports billing systems software solutions for the utilities, energy, pay-tv, and telco sectors. It operates through Billing, IT Outsourcing, and Other. The company's energy and utilities solutions include Banner CIS, a customer care and billing system that enables utilities and municipalities to manage the customer service and revenue lifecycle for the provision of electricity, gas, and water services; Nirvanasoft to manage the entire customer lifecycle in multiple markets and bill models; Peaceplus, a solution for utilities, retailers, and network companies; Utilsoft Market Gateway solution that supports data management processes for energy companies in deregulated markets; and HUB Energy, a solution for distribution networks operating in deregulated competitive markets. It also provides naviBilling, a CRM and convergent billing platform for telecom service providers; HUB Telco, a modular customer care and billing suite for telecommunications providers; and ICC solution for pay-TV operators. In addition, the company offers data center solutions; cloud solutions, such as infrastructure as a service, software as a service, hardware and operating system, network and security, and daily back-up; and IT managed services consisting of technical support, customer support, network, and security services. Further, it provides application services consisting of turnkey, system integration, application management, performance tuning, hosting, and support solutions; and superannuation administration software. The company has operations in Australia, Asia, the Americas, Europe, the Middle East, and Africa. Hansen Technologies Ltd was founded in 1971 and is based in Doncaster, Australia.
Top 10:
Average Directional Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| DWS DWS | 1.13 | 6.6 | 119,422 | 29.34 | BULLISH |
| VGL Volante | 5.8 | 6.4 | 1,417 | 38.77 | BULLISH |
| WGX Westgold Resources | 1.69 | 6.3 | 616,095 | 37.27 | BULLISH |
| NST Northern Star Resources | 10.54 | 5.6 | 3,773,663 | 26.04 | BULLISH |
| SAR Saracen Mineral | 3.66 | 5.5 | 4,153,957 | 28.98 | BULLISH |
| DNA Donaco International | 0.11 | 5 | 843,519 | 49.87 | BULLISH |
| CIA Champion Iron | 3.24 | 4.9 | 531,475 | 29.75 | BULLISH |
| EVN Evolution Mining | 4.13 | 4.8 | 11,519,500 | 33.33 | BULLISH |
| DNK Danakali | 0.75 | 4.2 | 409,402 | 35.24 | BULLISH |
| BKY Berkeley Resources | 0.39 | 4.1 | 177,478 | 25.72 | BULLISH |