What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Strong Reversal

Score

1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 101.3 1.00% % 92.1% % 368.4%
SHORT 4 81.0 1.00% 4.00% 84.4% 0.0% 337.6%

Summary

Technical Analysis

Opthea (OPT.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $2.95
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.


Opthea (ASX:OPT) No strong reversal signals currently present. Previous signals for OPT include:


[BULLISH]: Opthea has formed a hammer reversal pattern 176 days ago on the 13 Jun 2019. OPT has traded significantly lower than the stocks opening price, which was followed by a short term rally closing in the upper shadow of the days trading range. This indicates that the market is trying to determine the bottom of the short term downtrend.


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.


No Dark Cloud Cover formations in the last 12 months.


[BULLISH]: Opthea has formed a Bullish Piercing reversal pattern 176 days ago on the 13 Jun 2019. This means, OPT 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: Opthea (OPT.AX)


Stock Exchange: ASX
Company: Opthea
Ticker Codes: | OPT.AX | ASX:OPT |

About Opthea (ASX:OPT):

Opthea Limited develops and commercializes therapies primarily for eye disease in Australia. The company's development activities are based on the intellectual property portfolio covering Vascular Endothelial Growth Factors (VEGF) C and D, and VEGF Receptor-3 for the treatment of diseases associated with blood and lymphatic vessel growth, as well as vascular leakage. Its lead molecule is OPT-302, a soluble form of VEGFR-3, which is in Phase 1/2A clinical trial for the treatment of back of the eye diseases, such as wet age-related macular degeneration that is the cause of blindness in elderly and diabetic populations. The company was formerly known as Circadian Technologies Limited and changed its name to Opthea Limited in December 2015. Opthea Limited is based in South Yarra, Australia.

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