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

Average Directional Index

Score

-35.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 1 197.0 0.00% 0.00% 0.0% -42.5% -42.5%
SHORT 1 183.0 0.00% 0.00% 0.0% -29.2% -29.2%

Summary

Technical Analysis

Netcomm (NTC.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

MEDIUM TREND


Trading: HOLD @ $1.095
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Netcomm (ASX:NTC) has confirmed a strong trend is present. Netcomm has an ATR(14) of 0.007, a DX of 17.79 & an ADX(14) of 38.48



The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;


PROFILE: Netcomm (NTC.AX)


Stock Exchange: ASX
Company: Netcomm
Ticker Codes: | NTC.AX | ASX:NTC |

About Netcomm (ASX:NTC):

NetComm Wireless Limited develops and sells broadband products for telecommunications carriers, core network providers, system integrators, and government and enterprise customers worldwide. The company operates in two segments, Machine to Machine (M2M) Business and Broadband Business. The Machine to Machine (M2M) Business segment develops fixed wireless broadband, wireless M2M/industrial Internet of Things (IoT), and fiber and cable to the distribution FTTdp/CTTdp point technologies; and offers network terminating devices designed to advance global network performance, extend coverage, and meet the demands of M2M/industrial IoT and broadband markets. The Broadband Business segment supplies communication devices, such as entry level gateways; and high-performance devices that support triple play services covering high-speed data transmission, multi HD/4K IPTV, and over-the-top video streaming, as well as VoIP phone calls. This segment's products combine Wi-Fi with wired networking and powerline options to amplify connection to various devices throughout homes and offices. The company was formerly known as NetComm Limited and changed its name to NetComm Wireless Limited in December 2011. NetComm Wireless Limited was founded in 1982 and is headquartered in Sydney, Australia.

Top 10:

Average Directional Index

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