Metro Performance Glass

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

Close Change

Score

0.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 12.1 0.33% 0.41% 4.5% -4.3% -53.4%
SHORT 26 17.3 0.42% 0.69% 12.8% -3.4% 86.2%

Summary

Technical Analysis

Metro Performance Glass (MPP.AX)


Indicator:

PRICE CHANGE


Last Signal:

NEUTRAL


Trading: NO POSITION @ $0.37
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Metro Performance Glass (ASX:MPP) Neither buyers are keener than sellers translating to the price remaining flat for Metro Performance Glass. There has been 10 consecutive days of no movement MPP adding strength to indecision in the first timeframe. The longest consecutive number of unchanged days over the last 12 months has been 14 days, of which a total of 10 have occurred this month. The ratio of neutral days against total trading days equals 0.1x



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


PROFILE: Metro Performance Glass (MPP.AX)


Stock Exchange: ASX
Company: Metro Performance Glass
Ticker Codes: | MPP.AX | ASX:MPP |

About Metro Performance Glass (ASX:MPP):

Metro Performance Glass Limited, together with its subsidiaries, supplies processed flat glass and related products for the residential and commercial building sectors in New Zealand and Australia. Its products include various glass products, including splash backs, benchtops, and kitchen doors and mirrors; and mirrors, inline showers, two and three sided showers, bath end showers, bath screens, and shower and screen hardware. The company also offers balustrades, stairs, room dividers, doors, mirrors, furniture, and balustrade and door hardware; and outdoor balustrades, pool fences, wind breaks, glass canopies, glass features, outdoor furniture, and balustrade and pool fence hardware. In addition, it provides installation services. Metro Performance Glass Limited was founded in 1987 and is headquartered in Auckland, New Zealand.

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