What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Basic Candlestick

Score

-1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 113 4.3 0.43% 0.68% 2.3% -2.4% -57.8%
LONG 113 4.0 0.39% 0.60% 3.1% -2.1% -19.1%

Summary

Technical Analysis

Imdex (IMD.AX)


Indicator:

LONG BLACK CANDLE


Last Signal:

BEARISH


Trading: SELL @ $1.55
Signal Strength: WEAK
Recommendation:

Indicator MUST 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.


Imdex (ASX:IMD) has formed a Long Black candlestick. This means, IMD has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.



This candlestick implies relatively strong selling pressure and shows that prices declined during the day significantly from open to close and the sellers were aggressive.

Calculation: Long Black Candlestick:
1) The body of the candlestick is black and long;


PROFILE: Imdex (IMD.AX)


Stock Exchange: ASX
Company: Imdex
Ticker Codes: | IMD.AX | ASX:IMD |

About Imdex (ASX:IMD):

Imdex Limited engages in the minerals business worldwide. The company engages in the manufacture, sale, and rental of down hole instrumentation, drilling fluids and chemicals, solids removal technologies, and related equipment, as well as the provision of cloud-based data management solutions to the mining and mineral exploration industry. It also provides data solutions and geo-analytics services under the AMC and REFLEX brands to exploration, development, and production companies in the minerals sectors. The company was formerly known as Pilbara Gold NL and changed its name to Imdex Limited in July 1985. Imdex Limited was incorporated in 1980 and is headquartered in Balcatta, Australia.

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