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%

What indicators would you like to backtest?

Trading Performance

Elder Ray Index

Score

0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 39 11.9 0.49% 0.83% 2.8% -3.8% -34.2%
SHORT 40 8.5 0.60% 1.33% 2.9% -2.0% 34.6%

Summary

Technical Analysis

Nufarm (NUF.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BEARISH


Trading: SELL @ $4.3
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Nufarm (ASX:NUF) Elder Ray Index is signalling a Bearish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


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:

Elder Ray Index

Download
Company Close Change(%) Volume Value Signal
BNO Bionomics 0.15 7.4 680,092 -0.08 BEARISH
EZL Euroz 1.21 7.1 86,825 -0.01 BEARISH
ADH Adairs 2.06 5.6 1,149,442 -0.02 BEARISH
BFC Beston Global Food 0.12 4.3 385,290 0 BEARISH
ONE Oneview Healthcare 0.25 4.2 107,600 -0.08 BEARISH
DFM Dongfang Modern Agriculture 0.88 4.1 241,557 -0.03 BEARISH
ARA Ariadne Australia 0.65 4 6,000 -0.02 BEARISH
RBL Rib Loc 1.05 4 106,026 -0.12 BEARISH
BLX Beacon Lighting 1.2 3.4 140,762 -0.09 BEARISH
BWX BWX 1.64 2.5 656,613 -0.11 BEARISH