Premier Investments

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

Close vs Range

Score

1.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 76 6.3 0.47% 0.88% 2.5% -1.2% 39.6%
SHORT 75 5.3 0.43% 0.73% 2.5% -1.3% 23.7%

Summary

Technical Analysis

Premier Investments (PMV.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

BULLISH


Trading: BUY @ $16.19
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Premier Investments (ASX:PMV) buyers are in control at the market close. This is the first day of buyer commitment for Premier Investments adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.6%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 1 days in the lower range giving a ratio of 2x.



Where the closing price fall within the day’s trading range highlights whether are in control.

[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;


PROFILE: Premier Investments (PMV.AX)


Stock Exchange: ASX
Company: Premier Investments
Ticker Codes: | PMV.AX | ASX:PMV |

About Premier Investments (ASX:PMV):

Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Singapore, the United Kingdom, Ireland, Malaysia, and Hong Kong. The company offers casual wear, women's wear, and non-apparel products. It has a portfolio of retail brands consisting of Just Jeans, Jay Jays, Jacqui E, Portmans, Dotti, Peter Alexander, and Smiggle. The company provides its products through approximately 1,100 stores, as well as through online. In addition, it invests in listed securities and money market deposits. The company is based in Melbourne, Australia.

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