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

Elder's Force Index

Score

0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 10.0 0.68% 1.42% 1.8% -1.6% 19.2%
SHORT 40 9.9 0.43% 0.74% 4.2% -2.8% 7.0%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

BULLISH


Trading: BUY @ $5.79
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.


Navitas (ASX:NVT) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 152.



Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;


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:

Elder's Force Index

Download
Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.07 15 2,437,137 197,006 BULLISH CROSSOVER
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FDV Frontier Digital Ventures 0.67 0.8 206,240 3 BULLISH CROSSOVER
BWP Bunnings Warehouse Property Trust 3.77 0.5 599,765 230,701 BULLISH CROSSOVER
CII Ci Resources 1.35 0 13,700 86 BULLISH CROSSOVER
GOW Gowing Bros 2.5 0 16,242 1,042 BULLISH CROSSOVER
PNR Pacific Niugini Minerals 0.19 0 856,082 2,697 BULLISH CROSSOVER
ZEL Zeolite Australia 5.75 0 4,837 62 BULLISH CROSSOVER
EPW ERM Power 1.89 -0.3 189,779 589 BULLISH CROSSOVER