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

1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 3 143.7 1.00% % 6.4% % 19.2%
SHORT 2 141.0 0.50% 1.00% 3.9% -2.3% 1.6%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

MEDIUM TREND


Trading: HOLD @ $5.8
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.


Navitas (ASX:NVT) has confirmed a strong trend is present. Navitas has an ATR(14) of 0.02, a DX of 22.83 & an ADX(14) of 26.67



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: 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:

Average Directional Index

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GGG Greenland Minerals 0.14 8 2,362,420 53.87 BULLISH
NAN Nanosonics 5.6 5.7 3,678,008 39.65 BULLISH
MAH Macmahon 0.21 5.1 1,402,377 32.42 BULLISH
IDX Integral Diagnostics 3.04 4.8 42,581 50.55 BULLISH
XIP Xenith Ip 2.2 4.3 130,384 41.16 BULLISH
IFT Infratil 4.4 4.3 27,284 33.78 BULLISH
PME Pro Medicus 25.33 3.9 348,311 27.45 BULLISH
MFG Magellan Financial 50.72 3.8 742,972 57.56 BULLISH