Perpetual Equity Investment

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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Momentum Oscillator

Score

1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 25.2 0.62% 1.14% 2.3% -1.3% 8.7%
SHORT 13 32.8 0.62% 1.33% 2.6% -1.0% 14.3%

Summary

Technical Analysis

Perpetual Equity Investment (PIC.AX)


Indicator:

MOMENTUM


Last Signal:

BEARISH


Trading: SELL @ $1.025
Signal Strength: MEDIUM
Recommendation:

Perpetual Equity Investment (ASX:PIC) currently has negative momentum of -0.03 This means the current price is less than the price 14 days ago and therefore losing momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.

Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];


PROFILE: Perpetual Equity Investment (PIC.AX)


Stock Exchange: ASX
Company: Perpetual Equity Investment
Ticker Codes: | PIC.AX | ASX:PIC |

About Perpetual Equity Investment (ASX:PIC):

Perpetual Equity Investment Company Limited invests in listed securities. The company was incorporated in 2014 and is based in Sydney, Australia.

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Momentum Oscillator

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