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

Momentum Oscillator

Score

0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 27.8 0.08% 0.08% 120.4% -5.2% 57.5%
SHORT 14 23.9 0.29% 0.36% 15.6% -7.2% -16.3%

Summary

Technical Analysis

Rib Loc (RBL.AX)


Indicator:

MOMENTUM


Last Signal:

BEARISH


Trading: SELL @ $0.905
Signal Strength: MEDIUM
Recommendation:

Rib Loc (ASX:RBL) currently has negative momentum of -0.095 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: Rib Loc (RBL.AX)


Stock Exchange: ASX
Company: Rib Loc
Ticker Codes: | RBL.AX | ASX:RBL |

About Rib Loc (ASX:RBL):

Redbubble Limited operates as an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers in Australia, the United States, the United Kingdom, and internationally. It provides an Internet based marketplace platform and associated logistics services to facilitate the sale of goods from artists to those who want to purchase goods bearing the artists' designs. The company enables 600,000 independent artists to sell their designs, such as apparel, stationery, housewares, bags, wall art, etc. It offers its services through its Website at Redbubble.com and three foreign language sites. The company was founded in 2006 and is based in Melbourne, Australia.

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Momentum Oscillator

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