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

Elder's Force Index

Score

-0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 34 12.5 0.50% 0.89% 1.3% -1.6% -9.2%
SHORT 35 11.5 0.60% 1.40% 1.5% -2.3% -2.4%

Summary

Technical Analysis

Mystate (MYS.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

NEUTRAL


Trading: HOLD @ $4.47
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.


Mystate (ASX:MYS)


Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;


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:

Elder's Force Index

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