REA Group

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

Strong Reversal

Score

1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 27.9 0.64% 1.50% 5.2% -3.2% 27.5%
SHORT 14 29.0 0.57% 1.33% 5.8% -3.2% 27.1%

Summary

Technical Analysis

REA Group (REA.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $90.35
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.


REA Group (ASX:REA) No strong reversal signals currently present. Previous signals for REA include:


[BULLISH]: REA Group has formed a hammer reversal pattern 200 days ago on the 19 Nov 2018. REA 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.


[BEARISH]: REA Group has formed a Bearish Engulfing reversal pattern 121 days ago on the 06 Feb 2019. This means, REA has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.


[BEARISH]: REA Group has formed a bearish Dark Cloud Cover reversal pattern 16 days ago on the 22 May 2019. This means, REA has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.


[BULLISH]: REA Group has formed a Bullish Piercing reversal pattern 38 days ago on the 30 Apr 2019. This means, REA 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: REA Group (REA.AX)


Stock Exchange: ASX
Company: REA Group
Ticker Codes: | REA.AX | ASX:REA |

About REA Group (ASX:REA):

REA Group Limited provides advertising services to the real estate industry in Australia and Asia. It advertises property and property-related services on Websites and mobile apps. The company operates Australian residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, and Flatmates.com.au; Chinese property site myfun.com; and various property portals in Asia. It also provides advertising services to the real estate industry. The company was formerly known as realestate.com.au Ltd. and changed its name to REA Group Limited in December 2008. REA Group Limited was founded in 1995 and is headquartered in Richmond, Australia. REA Group Limited is a subsidiary of News Limited.

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