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

-1.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 13.4 0.43% 0.68% 12.9% -2.4% 158.2%
SHORT 39 6.4 0.13% 0.15% 2.4% -2.6% -75.5%

Summary

Technical Analysis

Jin (JIN.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $20
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.


Jin (ASX:JIN) 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 -2.0%.



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: Jin (JIN.AX)


Stock Exchange: ASX
Company: Jin
Ticker Codes: | JIN.AX | ASX:JIN |

About Jin (ASX:JIN):

Jumbo Interactive Limited engages in the retail of lottery tickets through Internet and mobile devices. It operates through two segments, Internet Lotteries Australia and other. The company in involved in the sale of official government and charity lotteries through digital platforms. It operates OzLotteries.com Website that offers lottery tickets. Jumbo Interactive Limited was founded in 1995 and is headquartered in Toowong, Australia.

Top 10:

Weighted Moving Average

Download
Company Close Change(%) Volume Value Signal
MOY Millennium Minerals 0.1 22 12,026,126 44.9 BULLISH
ASL Ausdrill 1.74 10.5 8,810,838 14.5 BULLISH
CLQ Clean Teq Holdings 0.38 10.3 4,365,526 17.6 BULLISH
ONE Oneview Healthcare 0.23 9.5 232,054 10 BULLISH
ALK Alkane Exploration 0.46 7.1 4,445,709 12.9 BULLISH
AJX Alexium International 0.16 6.9 1,232,642 19.2 BULLISH
BTI Bailador Technology Investments 1.03 6.2 579,514 6.7 BULLISH
FDV Frontier Digital Ventures 0.77 6.2 113,332 11.6 BULLISH
PNV Polynovo 1.56 5.1 4,075,815 15 BULLISH
MAH Macmahon 0.22 4.8 908,462 11.1 BULLISH