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

-1.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 118.3 0.00% 0.00% 0.0% -15.4% -61.5%
SHORT 5 70.6 0.40% 0.67% 9.9% -15.8% -27.6%

Summary

Technical Analysis

Nufarm (NUF.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

MEDIUM TREND


Trading: HOLD @ $4.09
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.


Nufarm (ASX:NUF) has confirmed a strong trend is present. Nufarm has an ATR(14) of 0.147, a DX of 1.93 & an ADX(14) of 36.12



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: 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:

Average Directional Index

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MNF My Net Fone 3.73 7.2 55,752 -44.85 BEARISH
BSL Bluescope Steel 11.73 6.5 4,817,859 -33.53 BEARISH
GNG GR Engineering Services 0.85 5.6 43,068 -30.28 BEARISH
BSA Broadcast Services Australia 0.3 5.3 140,508 -27.78 BEARISH
OMH OM Holdings 0.91 5.2 125,747 -41.54 BEARISH
IDX Integral Diagnostics 3.04 4.8 42,581 -29.99 BEARISH
REG Rg Capital Radio 2.71 4.2 646,566 -49.4 BEARISH