Nine Entertainment

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

Triangular Moving Average

Score

-0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 15.9 0.28% 0.38% 9.6% -2.7% 20.6%
SHORT 29 11.1 0.17% 0.19% 8.5% -2.4% -20.4%

Summary

Technical Analysis

Nine Entertainment (NEC.AX)


Indicator:

TRIANGULAR MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $1.945
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.


Nine Entertainment (ASX:NEC) currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 3.5%.



A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.

Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;


PROFILE: Nine Entertainment (NEC.AX)


Stock Exchange: ASX
Company: Nine Entertainment
Ticker Codes: | NEC.AX | ASX:NEC |

About Nine Entertainment (ASX:NEC):

Nine Entertainment Co. Holdings Limited engages in television broadcasting and program production businesses in Australia. It operates through Television and Digital segments. The company is involved in creation and distribution of content; and digital, internet, subscription television, other media sectors, and free to air television activities. It also sells advertising products; and provides advertising solutions. The company offers its services under the Nine Network Television brand name that includes Channel 9 and 9HD, as well as 9Go!, 9Gem, 9Life, and 9NOW. It also provides its services under Nine digital brand that comprises nine.com.au network, an online source of news, sport, entertainment, and lifestyle content; and 9Honey for women. Nine Entertainment Co. Holdings Limited was founded in 1956 and is based in Willoughby, Australia.

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Triangular Moving Average

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