James Hardie Industries

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

Moving Average Envelope

Score

-0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 14.0 0.28% 0.36% 5.5% -1.8% 5.2%
SHORT 28 12.3 0.21% 0.26% 3.6% -1.8% -19.0%

Summary

Technical Analysis

James Hardie Industries (JHX.AX)


Indicator:

ENVELOPE BAND


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $23.83
Signal Strength: MEDIUM
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


James Hardie Industries (ASX:JHX) current price has driven Envelope Bands to become overbought signalling the continuation of long trading conditions. Currently, the Upper Band is 23.793.



Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.

Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);


PROFILE: James Hardie Industries (JHX.AX)


Stock Exchange: ASX
Company: James Hardie Industries
Ticker Codes: | JHX.AX | ASX:JHX |

About James Hardie Industries (ASX:JHX):

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. It operates through North America Fiber Cement, International Fiber Cement, Other Businesses, and Research and Development segments. The company offers fiber cement interior linings, exterior siding products, fiberglass windows, and related accessories products; fiber cement building materials for a range of applications, including external siding, internal walls, floors, ceilings, soffits, trim, fencing, decking, and facades; floor underlayments; planks, which are used in external siding; flat panels for internal and external wall linings; gypsum fiber boards; and cement-bonded boards. Its fiber cement products are used in various markets, including new residential construction, manufactured housing, repair and remodeling, and commercial and industrial applications. The company markets its products and systems under HardiePlank, HardiePanel, HardieTrim, HardieBacker, James Hardie, Artisan, Reveal, Cemplank, Scyon, Ritek, and HardieLinea brand names. James Hardie Industries plc was founded in 1888 and is headquartered in Dublin, Ireland.

Top 10:

Moving Average Envelope

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