Trading indicator
Exponential Moving AverageBacktest 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
Exponential Moving Average
Score
-0.9
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 38 | 9.1 | 0.21% | 0.26% | 4.0% | -2.4% | -41.5% |
| SHORT | 39 | 11.5 | 0.21% | 0.25% | 8.0% | -2.3% | -10.7% |
Summary
Technical Analysis
Japara Healthcare (JHC.AX)
Indicator:
EXPONENTIAL MOVING AVERAGE
Last Signal:
BEARISH
Trading: SELL @ $1.275
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.
Japara Healthcare (ASX:JHC) currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -1.9%.
An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.
Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).
PROFILE: Japara Healthcare (JHC.AX)
Stock Exchange: ASX
Company: Japara Healthcare
Ticker Codes: | JHC.AX | ASX:JHC |
Japara Healthcare Limited, together with its subsidiaries, owns, develops, and operates residential aged care facilities in Australia. It operates approximately 4,900 resident places across 43 facilities located in Victoria, New South Wales, Queensland, South Australia, and Tasmania; and 180 independent living units across five retirement villages. The company was founded in 2005 and is based in Southbank, Australia.
Top 10:
Exponential Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| ADH Adairs | 1.48 | 18.4 | 5,926,270 | -16.7 | BEARISH |
| TLG Talga Gold | 0.49 | 6.6 | 113,070 | -4.9 | BEARISH |
| PAC Pacsoft | 4.42 | 4.5 | 113,651 | -2.8 | BEARISH |
| TRS Reject Shop | 2.02 | 3.6 | 55,060 | -1.4 | BEARISH |
| SGF SG Fleet | 2.92 | 3.5 | 163,398 | -1.8 | BEARISH |
| SMX Sms Management & Technology | 0.37 | 2.8 | 268,186 | -3.4 | BEARISH |
| GEM G8 Education | 2.95 | 2.8 | 2,470,719 | -0.1 | BEARISH |
| PPC Peet & Company | 1.15 | 2.7 | 56,115 | -1.4 | BEARISH |
| MLD Maca | 0.93 | 2.2 | 714,054 | -4.2 | BEARISH |
| NZM Nzme | 0.48 | 2.1 | 97,615 | -0.7 | BEARISH |