Insurance Australia

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

Continuation Candlestick

Score

-1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 21 30.3 0.33% 0.50% 6.5% -3.1% 2.5%
SHORT 20 6.0 0.30% 0.43% 1.1% -1.7% -16.6%

Summary

Technical Analysis

Insurance Australia (IAG.AX)


Indicator:

THREE WHITE SOLDIERS


Last Signal:

BULLISH


Trading: BUY @ $8.18
Signal Strength: STRONG
Recommendation:

Indicator CAN BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Insurance Australia (ASX:IAG) has formed a new Three White Soldiers pattern.



The three white soldiers candlestick pattern suggests a strong change in market sentiment. Without any significant shadows, the market opens slightly lower, the bulls take over the rally all session, and close near the high of the day. The pattern may appear during periods of consolidation or following a prolonged downtrend, but the latter represents the most attractive opportunity for traders to take long positions.


PROFILE: Insurance Australia (IAG.AX)


Stock Exchange: ASX
Company: Insurance Australia
Ticker Codes: | IAG.AX | ASX:IAG |

About Insurance Australia (ASX:IAG):

Insurance Australia Group Limited underwrites general insurance products. The company operates through Consumer Division (Australia), Business Division (Australia), New Zealand, Asia, and Corporate and Other segments. It offers consumer insurance products, such as motor vehicle, home and contents, lifestyle and leisure, and compulsory third party, as well as travel insurance, life insurance, and income protection products; business insurance products, including business package, farm and crop, commercial property, construction and engineering, commercial and fleet motor, marine, workers' compensation, professional indemnity, directors' and officers', and public and products liability, as well as consumer credit, pleasure craft, boat, caravan, and travel insurance products. Insurance Australia Group Limited also provides rural and horticultural, and personal and commercial liability insurance products; and reinsurance products. The company sells its products directly to customers under the NRMA Insurance, SGIO, SGIC, CGU, and RACV brands; and through insurance brokers, authorized representatives, and distribution partners under the CGU, WFI, and Swann insurance brands in Australia. It also sells its products directly to customers under the State and AMI brands; through insurance brokers and authorized representatives under the NZI and Lumley Insurance brands; and through corporate partners under third party brands in New Zealand, as well as directly to customers under the Safety and NZI brands in Thailand, AAA brand in Vietnam, and Asuransi Parolamas brand in Indonesia. The company was formerly known as NRMA Insurance Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1925 and is headquartered in Sydney, Australia.

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