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 12 38.1 0.58% 1.40% 4.5% -7.0% -3.6%
SHORT 11 22.6 0.55% 1.20% 1.0% -5.3% -20.8%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $5.8
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.


Navitas (ASX:NVT) No strong reversal signals currently present. Previous signals for NVT include:


No Bullish Engulfing formations in the last 12 months


No Bullish Engulfing formations in the last 12 months.


No Bullish Engulfing formations in the last 12 months.


No Bear Engulfing formations in the last 12 months.


[BEARISH]: Navitas has formed a bearish Dark Cloud Cover reversal pattern 124 days ago on the 15 Feb 2019. This means, NVT 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.


[BULLISH]: Navitas has formed a Bullish Piercing reversal pattern 100 days ago on the 11 Mar 2019. This means, NVT has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.


PROFILE: Navitas (NVT.AX)


Stock Exchange: ASX
Company: Navitas
Ticker Codes: | NVT.AX | ASX:NVT |

About Navitas (ASX:NVT):

Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.

Top 10:

Strong Reversal

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