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

Elder Ray Index

Score

-0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 37 14.5 0.59% 1.22% 8.6% -2.9% 137.0%
SHORT 37 6.8 0.35% 0.52% 2.5% -4.4% -77.8%

Summary

Technical Analysis

Jin (JIN.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BULLISH


Trading: BUY @ $19.3
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Jin (ASX:JIN) Elder Ray Index is signalling a Bullish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


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:

Elder Ray Index

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Company Close Change(%) Volume Value Signal
IPD Impedimed 0.12 9.5 2,638,079 -0.01 BEARISH
NAN Nanosonics 5.6 5.7 3,678,008 -0.09 BEARISH
OMH OM Holdings 0.91 5.2 125,747 0 BEARISH
BFC Beston Global Food 0.11 4.8 118,825 0 BEARISH
IFT Infratil 4.4 4.3 27,284 -0.09 BEARISH
XIP Xenith Ip 2.2 4.3 130,384 -0.18 BEARISH
EQT Equity Trustees 29 3.9 15,051 0 BEARISH
AFP Aft Pharmaceuticals 2.92 3.9 16,400 0 BEARISH
IPH Ipoh 7.42 3.6 660,132 -0.02 BEARISH
CAR Carsales 13.93 3.5 780,012 -0.32 BEARISH