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

Ease of Movement

Score

-0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 49 8.5 0.47% 0.77% 4.5% -4.9% -42.8%
SHORT 50 8.0 0.54% 1.04% 4.1% -4.9% -15.7%

Summary

Technical Analysis

Myer (MYR.AX)


Indicator:

EASE OF MOVEMENT


Last Signal:

NEUTRAL


Trading: HOLD @ $0.55
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.


Myer (ASX:MYR)


The Ease of Movement (EOM) is a technical momentum indicator that is used to illustrate the relationship between the rate of an assets price change and its volume. This indicator attempts to identify the amount of volume required to move prices. Generally a value greater than zero is an indication that the stock is being accumulated (bought) and negative values are used to signal increased selling pressure. A high positive value appears when prices move upward on low volume. Strong negative numbers indicate that price is moving downward on low volume.

Calculation: Ease of Movement (EOM):
1) Distance Moved = ((H + L)/2 - (Prior H + Prior L)/2);
2) Box Ratio = ((V/100 000 000)/(H - L));
3) 1-Period EMV = ((H + L)/2 - (Prior H + Prior L)/2) / ((V/100 000 000)/(H - L));
4) 14-Period Ease of Movement = 14-Period simple moving average of 1-period EMV


PROFILE: Myer (MYR.AX)


Stock Exchange: ASX
Company: Myer
Ticker Codes: | MYR.AX | ASX:MYR |

About Myer (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.

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