Trading indicator
Cole's Reaction DayBacktest 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% |
Trading Performance
Cole's Reaction Day
Score
-1.0
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 13 | 45.5 | 0.62% | 1.60% | 3.8% | -10.6% | -22.3% |
| SHORT | 14 | 11.3 | 0.29% | 0.40% | 2.5% | -2.9% | -18.6% |
Summary
Technical Analysis
Mcmillan Shakespeare (MMS.AX)
Indicator:
COLES RALLY DAY
Last Signal:
BULLISH
Trading: BUY @ $13.45
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.
Mcmillan Shakespeare (ASX:MMS): Coles Rally Day (HH)
Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.
Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday
PROFILE: Mcmillan Shakespeare (MMS.AX)
Stock Exchange: ASX
Company: Mcmillan Shakespeare
Ticker Codes: | MMS.AX | ASX:MMS |
McMillan Shakespeare Limited provides salary packaging, vehicle leasing administration, fleet management, and retail financial services in Australia, the United Kingdom, and New Zealand. It operates through three segments: Group Remuneration Services, Asset Management, and Retail Financial services. The Group Remuneration Services segment offers administrative services related to salary packaging; and facilitates the settlement of motor vehicle novated leases for customers. It also provides ancillary services associated with motor vehicle novated lease products. The Asset Management segment offers financing and ancillary management services associated with motor vehicles, commercial vehicles, and equipment. The Retail Financial services segment engages in the provision of retail brokerage services, aggregation of finance originations, and extended warranty cover. The company is also involved in the software development business. It serves federal and state governments, health groups, not-for-profit organizations, and private corporations. The company was founded in 1988 and is headquartered in Melbourne, Australia.
Top 10:
Cole's Reaction Day
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MOY Millennium Minerals | 0.13 | 13.6 | 1,861,319 | 0 | NEUTRAL |
| ONE Oneview Healthcare | 0.29 | 11.8 | 184,305 | 0 | NEUTRAL |
| SLR Silver Lake Resources | 1.45 | 8.2 | 9,252,383 | 0 | NEUTRAL |
| MXI Maxitra Industries | 0.33 | 8.2 | 24,282 | 0 | NEUTRAL |
| AEF Australian Ethical Investments | 2.03 | 6.8 | 76,257 | 0 | NEUTRAL |
| MLX Metals X | 0.25 | 6.4 | 2,769,031 | 0 | NEUTRAL |
| AQG Alacer Gold Corp | 5.42 | 6.3 | 936,317 | 0 | NEUTRAL |
| NST Northern Star Resources | 13.47 | 6 | 4,840,454 | 0 | NEUTRAL |
| OMH OM Holdings | 0.86 | 5.5 | 28,581 | 0 | NEUTRAL |
| WAF West African Resources | 0.39 | 5.4 | 3,897,020 | 0 | NEUTRAL |