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

-0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 11.4 0.55% 1.22% 3.6% -3.4% 9.5%
SHORT 20 22.6 0.45% 0.82% 3.6% -4.8% -20.7%

Summary

Technical Analysis

Nextdc (NXT.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

BEARISH


Trading: SELL @ $6.73
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.


Nextdc (ASX:NXT) current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2368.



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: Nextdc (NXT.AX)


Stock Exchange: ASX
Company: Nextdc
Ticker Codes: | NXT.AX | ASX:NXT |

About Nextdc (ASX:NXT):

NEXTDC Limited provides data center outsourcing solutions, connectivity services, and infrastructure management software in Australia. It offers on-demand services to support outsourced data center infrastructure and cloud connectivity for enterprises; data center professional services for the project life cycle, including technical advisory, migration planning, project management, deliveries, building, and operational infrastructure support; and onsite technical assistance services. The company's data centers provide NEXTDC rack packages, a private suite and custom options for individual or multiple racks; and AXONVX, a virtual connectivity platform designed to deliver connectivity-as-a-service. In addition, it offers security systems and protocols, such as multi-layered access systems with biometric fingerprint technology and ID access cards with photo and biometric template technology; cross connect services; and ONEDC, a cloud based data center infrastructure management-as-a-service that delivers real-time data center intelligence to its customers to manage their data center assets. NEXTDC Limited was founded in 2010 and is headquartered in Brisbane, Australia.

Top 10:

Elder's Force Index

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Company Close Change(%) Volume Value Signal
IRE Iress Market Technology 13.79 3.1 653,795 817,952 BULLISH CROSSOVER
HUO Huon Aquaculture 4.8 3 42,082 201,958 BULLISH CROSSOVER
AYS Amaysim Australia 0.81 2.5 69,829 23,071 BULLISH CROSSOVER
MFG Magellan Financial 59.5 2 730,846 266,240 BULLISH CROSSOVER
FGG Future Generation Global 1.39 1.8 128,373 1,725 BULLISH CROSSOVER
PPT Perpetual Trustees Australia 37.93 1.3 264,903 366 BULLISH CROSSOVER
OMH OM Holdings 0.83 0.6 30,799 1,418 BULLISH CROSSOVER
ARF Arena Reit 2.79 0.4 220,086 1,731 BULLISH CROSSOVER
LNK Link 5.09 0.4 2,523,816 3,617 BULLISH CROSSOVER
WOW Woolworths 34.65 0.4 1,278,016 23,966 BULLISH CROSSOVER