Trading indicator
Close vs RangeBacktest 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
Close vs Range
Score
-6.25
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 45 | 9.6 | 0.31% | 0.42% | 1.6% | -2.2% | -49.6% |
| SHORT | 47 | 8.1 | 0.13% | 0.14% | 0.3% | -2.5% | -108.4% |
Summary
Technical Analysis
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
PROFILE: Meridian Energy (MEZ.AX)
Stock Exchange: ASX
Company: Meridian Energy
Ticker Codes: | MEZ.AX | ASX:MEZ |
Meridian Energy Limited engages in the generation, trading, and retail of electricity. The company generates electricity primarily through water and wind resources. It operates seven hydro stations and five wind farms in New Zealand; owns and operates two wind farms in Australia; and a solar farm in Tongatapu, Tonga. The company provides its electricity to residential, business, and industrial customers. It operates under the Meridian and Powershop brand names. The company also provides management, insurance, financing, professional, trustee, and software development services. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.
Top 10:
Close vs Range
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| OML Ooh!Media | 2.93 | 9.3 | 2,328,774 | 1 | BULLISH |
| IRI Integrated Research | 2.79 | 7.7 | 713,781 | 1 | BULLISH |
| CGC Consolidated Gaming Corporation | 3.79 | 7.7 | 2,950,452 | 1 | BULLISH |
| WTC Wisetech Global | 32.89 | 6.9 | 2,316,433 | 1 | BULLISH |
| PNV Polynovo | 1.69 | 6.6 | 3,604,675 | 1 | BULLISH |
| CDD Cardno | 0.96 | 5.5 | 177,614 | 1 | BULLISH |
| PGH Pact | 2.45 | 4.7 | 1,178,705 | 1 | BULLISH |
| GSW Getswift | 0.31 | 3.4 | 884,580 | 1 | BULLISH |
| IFM Infomedia | 2.25 | 3.2 | 1,060,580 | 1 | BULLISH |
| GUD Gud Holdings | 9 | 3.2 | 455,158 | 1 | BULLISH |