Incitec Pivot

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

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 45 10.4 0.31% 0.41% 2.4% -1.2% -7.7%
SHORT 44 8.2 0.27% 0.36% 4.0% -1.5% -2.6%

Summary

Technical Analysis

Incitec Pivot (IPL.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $3.41
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.


Incitec Pivot (ASX:IPL) 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 0.6%.



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: Incitec Pivot (IPL.AX)


Stock Exchange: ASX
Company: Incitec Pivot
Ticker Codes: | IPL.AX | ASX:IPL |

About Incitec Pivot (ASX:IPL):

Incitec Pivot Limited, an industrial chemicals company, manufactures, trades in, and distributes industrial explosives, chemicals, and fertilizers to the mining and agriculture industries in Australia, the United States, Canada, Turkey, and internationally. It operates through Incitec Pivot Fertilisers, Southern Cross International, and Dyno Nobel Americas segments. The company offers ammonia, carbon dioxide, diesel exhaust fluid, fluorosilicic acid, nitric acid, sulphuric acid, industrial urea, di/mono-ammonium phosphate, granulated ammonium sulphate, single super phosphate, urea, urea ammonium nitrate, and ammonium phosphate products; and various industrial chemical products for use in water treatment, process manufacturing, and other industrial applications. It also provides industrial explosives and blasting services, as well as related products and services to the mining, quarrying, seismic, and construction industries, as well as supplies fertilizers to grain, cotton, pasture, dairy, sugar, and horticulture industries. Incitec Pivot Limited was founded in 1831 and is headquartered in Southbank, Australia.

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Weighted Moving Average

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