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

% Price Oscillator

Score

-0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 6 75.8 0.33% 0.50% 53.7% -9.4% 69.7%
SHORT 7 45.9 0.14% 0.17% 2.6% -10.4% -60.1%

Summary

Technical Analysis

New Hope (NHC.AX)


Indicator:

% PRICE OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $2.78
Signal Strength: STRONG
Recommendation:

New Hope (ASX:NHC) currently has negative PPO -3.119%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Price Oscillator (PPO) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average.

Calculation: Percentage Price Oscillator (PPO):
1) PPO Line: {(12-day EMA - 26-day EMA)/26-day EMA} x 100;
2) Signal Line: 9-day EMA of PPO;
3) Histogram: PPO - Signal Line;


PROFILE: New Hope (NHC.AX)


Stock Exchange: ASX
Company: New Hope
Ticker Codes: | NHC.AX | ASX:NHC |

About New Hope (ASX:NHC):

New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas in Japan, Taiwan, China, Chile, Korea, and Australia. It operates through three segments: Coal Mining in Queensland, Coal mining in New South Wales, and Oil and Gas. The company has interests in two open cut coal mines in South East Queensland that produce thermal coal, including the New Acland project, which is located in north-west of Oakey, Queensland; and the Jeebropilly coal mine located in the West Moreton region near Ipswich. It also holds interests in oil projects and exploration permits based in the Eromanga Basin of south west Queensland; and onshore exploration permits in the Otway Basin of south western Victoria. In addition, the company is involved in the marketing and logistics activities; and port operation and agriculture activities. The company was founded in 1952 and is based in Brookwater, Australia. New Hope Corporation Limited is a subsidiary of Washington H. Soul Pattinson and Company Limited.

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