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

Strong Reversal

Score

-0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 15 23.8 0.53% 1.14% 2.9% -12.2% -62.3%
SHORT 15 27.9 0.40% 0.67% 6.7% -3.8% 6.2%

Summary

Technical Analysis

Nufarm (NUF.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $4.03
Signal Strength: STRONG
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Nufarm (ASX:NUF) No strong reversal signals currently present. Previous signals for NUF include:


No Bullish Engulfing formations in the last 12 months


No Bullish Engulfing formations in the last 12 months.


[BULLISH]: Nufarm has formed a Bullish Engulfing reversal pattern 282 days ago on the 17 Sep 2018. This means, NUF has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.


[BEARISH]: Nufarm has formed a Bearish Engulfing reversal pattern 61 days ago on the 26 Apr 2019. This means, NUF has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.


[BEARISH]: Nufarm has formed a bearish Dark Cloud Cover reversal pattern 7 days ago on the 19 Jun 2019. This means, NUF has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.


No Piercing Pattern formations in the last 12 months.


PROFILE: Nufarm (NUF.AX)


Stock Exchange: ASX
Company: Nufarm
Ticker Codes: | NUF.AX | ASX:NUF |

About Nufarm (ASX:NUF):

Nufarm Limited, together with its subsidiaries, manufactures and sells crop protection products in Australia, New Zealand, Asia, Europe, North America, Latin America, and internationally. It operates through two segments, Crop Protection and Seed Technologies. The company offers herbicides, insecticides, fungicides, and plant growth regulators to protect crops from damage caused by weeds, pests, and diseases. It also provides seeds and seed treatment products; and engages in croplands equipment business. The company is headquartered in Laverton North, Australia.

Top 10:

Strong Reversal

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