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

Exponential Moving Average

Score

-4.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 63 6.7 0.16% 0.18% 1.7% -1.5% -68.5%
SHORT 62 6.7 0.13% 0.15% 2.3% -1.5% -60.7%

Summary

Technical Analysis

Mystate (MYS.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $4.46
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.


Mystate (ASX:MYS) 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 -0.9%.



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: Mystate (MYS.AX)


Stock Exchange: ASX
Company: Mystate
Ticker Codes: | MYS.AX | ASX:MYS |

About Mystate (ASX:MYS):

MyState Limited, through its subsidiaries, provides a range of financial products and services in Australia. It operates through Banking, Wealth Management, and Corporate and Consolidation divisions. The company offers banking products, including transactional savings accounts and fixed term deposits; lending, such as home loans, personal, overdraft, line of credit, and commercial products; and insurance products. Its banking services comprise personal, residential, and business banking; transactional Internet and mobile banking; savings and investments; and insurance and other alliances. The company also provides trustee services that include estate planning, estate and trust administration, power of attorney, and corporate trustee. In addition, it offers wealth management services, which consists of managed fund investments, financial planning, portfolio administration, portfolio advisory, and private client services. The company delivers its products and services through its branch network, digital channels, and third party channels. MyState Limited is based in Hobart, Australia.

Top 10:

Exponential Moving Average

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