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

Average Directional Index

Score

-0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 106.5 0.25% 0.33% 1.1% -17.3% -50.7%
SHORT 4 72.8 0.75% 3.00% 5.3% -15.7% 0.3%

Summary

Technical Analysis

IFN (IFN.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

WEAK TREND


Trading: HOLD @ $0.455
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.


IFN (ASX:IFN) has confirmed a weak trend is presentIFN has an ATR(14) of 0.016, a DX of 8.76 & an ADX(14) of 17.23



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: IFN (IFN.AX)


Stock Exchange: ASX
Company: IFN
Ticker Codes: | IFN.AX | ASX:IFN |

About IFN (ASX:IFN):

Infigen Energy Limited develops, owns, and operates renewable energy generation assets in Australia. It has 557 megawatts of installed generation capacity in New South Wales, South Australia, and Western Australia. The company's development pipeline comprises approximately 1,100 megawatts of wind and solar projects in Australia. Infigen Energy Limited was founded in 2003 and is headquartered in Sydney, Australia.

Top 10:

Average Directional Index

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Company Close Change(%) Volume Value Signal
NHF NIB 6.82 15.8 4,054,736 19.41 NEUTRAL
MOC Mortgage Choice 0.91 14.5 663,230 15.72 NEUTRAL
MNY Money3 2.21 9.4 151,763 20.62 NEUTRAL
EMH European Metals Holdings 0.41 9.3 135,933 14.38 NEUTRAL
WBC Westpac Banking Corporation 27.75 9.2 24,404,464 22.73 NEUTRAL
AFA ASF 0.12 9.1 11,208 30.91 NEUTRAL
ALK Alkane Exploration 0.24 9.1 1,447,163 -17.62 NEUTRAL
OVH Onevue Holdings 0.49 8.9 426,122 -20.97 NEUTRAL
ANZ Australia & Banking 27.86 7.8 14,554,708 -23.27 NEUTRAL
RHC Ramsay Health Care 69.58 7.3 1,172,273 16.12 NEUTRAL