James Hardie Industries

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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Exponential Moving Average

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 18 23.1 0.39% 0.64% 6.4% -2.1% 22.4%
SHORT 18 18.8 0.17% 0.20% 10.4% -2.1% -0.1%

Summary

Technical Analysis

James Hardie Industries (JHX.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $22.54
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.


James Hardie Industries (ASX:JHX) currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -0.2%.



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: 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:

Exponential Moving Average

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