Mighty River Power

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

Aroon Oscillator

Score

-1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 51.8 0.50% 1.00% 8.4% -4.4% 15.8%
SHORT 8 39.8 0.25% 0.29% 0.5% -3.2% -21.6%

Summary

Technical Analysis

Mighty River Power (MCY.AX)


Indicator:

AROON OSCILLATOR


Last Signal:

BULLISH


Trading: BUY @ $4.58
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 been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Mighty River Power (ASX:MCY) has a current ARU(25) of 96 and a current ARD(25) of 20



The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.

Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;


PROFILE: Mighty River Power (MCY.AX)


Stock Exchange: ASX
Company: Mighty River Power
Ticker Codes: | MCY.AX | ASX:MCY |

About Mighty River Power (ASX:MCY):

Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity from renewable sources in New Zealand. It operates nine hydro generation stations on the Waikato River; and five geothermal generation stations in the central North Island. The company sells electricity to homes, businesses, and industrial customers through GLOBUG, Tiny Mighty, and Bosco brands. It also provides metering infrastructure solutions to electricity retailers through Metrix brand; and solar panel installation services. The company was formerly known as Mighty River Power Limited and changed its name to Mercury NZ Limited in July 2016. Mercury NZ Limited was founded in 1998 and is based in Auckland, New Zealand.

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Aroon Oscillator

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