|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Trading: SELL @ $0.51
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Myer (ASX:MYR) is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.
In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.
Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;
PROFILE: Myer (MYR.AX)
Stock Exchange: ASX
Ticker Codes: | MYR.AX | ASX:MYR |
Myer Holdings Limited, together with its subsidiaries, operates department stores in Australia. The company offers products in various categories that include women's wear; men's wear; youth wear; children's wear; intimate apparel; beauty, fragrance, and cosmetics; homewares; electrical goods; toys; footwear, handbags, and accessories; and general merchandise. It also provides customer loyalty programs. The company operates approximately 60 stores under the Myer brand name. Myer Holdings Limited was founded in 1900 and is based in Docklands, Australia.
|HPI Hotel Property Investments||3.25||0.6||310,527||58.3||BEARISH CROSSOVER|
|GMG Goodman||14.82||0.5||2,312,075||78.2||BEARISH CROSSOVER|
|PAI Platinum Asia Investments||1.05||0.5||171,060||80||BEARISH CROSSOVER|
|VCX Vicinity Centres||2.68||0.4||6,343,825||75||BEARISH CROSSOVER|
|REA REA Group||104.36||0.2||109,342||66.4||BEARISH CROSSOVER|
|ASX Australian Stock Exchange||81.71||0.1||616,829||66.2||BEARISH CROSSOVER|
|CNI Centuria Capital||2.12||0||187,724||80||BEARISH CROSSOVER|
|MFG Magellan Financial||52.49||0||325,181||76.8||BEARISH CROSSOVER|
|MGC Mg Unit Trust||0.44||0||32,793||50||BEARISH CROSSOVER|
|IAG Insurance Australia||7.89||0||2,977,432||71.8||BEARISH CROSSOVER|