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%

What indicators would you like to backtest?

Trading Performance

Exponential Moving Average

Score

-0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 12.2 0.30% 0.43% 6.4% -2.2% 15.2%
SHORT 39 7.9 0.21% 0.24% 4.0% -1.8% -27.4%

Summary

Technical Analysis

Metcash (MTS.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $3.09
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 the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Metcash (ASX:MTS) currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 1.6%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


PROFILE: Metcash (MTS.AX)


Stock Exchange: ASX
Company: Metcash
Ticker Codes: | MTS.AX | ASX:MTS |

About Metcash (ASX:MTS):

Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food & Grocery, Liquor, and Hardware segments. The Food & Grocery segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Liquor segment engages in the distribution of liquor products to retail outlets and hotels. The Hardware segment distributes hardware products to independent retail outlets; and operates company owned retail stores. The company serves independent retailers in the food, liquor, and hardware sectors. Metcash Limited was founded in 1920 and is based in Macquarie Park, Australia.

Top 10:

Exponential Moving Average

Download
Company Close Change(%) Volume Value Signal
PPC Peet & Company 1.17 9.3 3,249,634 12.7 BULLISH
CUV Clinuvel Pharmaceuticals 31.19 8.3 136,460 11.3 BULLISH
LYC Lynas Corporation 2.43 7.5 23,854,412 18.8 BULLISH
PLS Pilbara Minerals 0.84 7.1 14,160,985 9.5 BULLISH
CWP Cedar Woods Properties 5.87 6.7 89,806 7.1 BULLISH
CCV Cash Converters International 0.16 6.7 1,215,613 6.6 BULLISH
AVJ Av Jennings Homes 0.59 6.4 413,865 7.7 BULLISH
GXY Galaxy Resources 1.79 6.2 4,771,486 8.5 BULLISH
ORE Orocobre 3.72 5.7 2,070,172 6.7 BULLISH
CSR CSR 3.88 5.4 7,199,969 10.4 BULLISH