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 Ray Index

Score

1.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 43 11.4 0.60% 1.18% 2.6% -1.0% 46.1%
SHORT 43 6.7 0.56% 1.14% 3.3% -2.1% 34.4%

Summary

Technical Analysis

Navitas (NVT.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BULLISH


Trading: BUY @ $5.8
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) Elder Ray Index is signalling a Bullish 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: 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 Ray Index

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Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.07 15 2,437,137 0 BULLISH
PPS Praemium 0.41 9.3 3,235,337 0.03 BULLISH
EDE Eden Energy 0.03 7.1 1,425,845 0.29 BULLISH
NAN Nanosonics 4.93 6.7 1,283,636 0.01 BULLISH
DWS DWS 1.13 6.6 119,422 0.05 BULLISH
VGL Volante 5.8 6.4 1,417 0.26 BULLISH
WGX Westgold Resources 1.69 6.3 616,095 0.04 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 0.28 BULLISH
SAR Saracen Mineral 3.66 5.5 4,153,957 0.01 BULLISH
NZM Nzme 0.49 5.4 65,620 0.05 BULLISH