Trading indicator
Average Directional IndexBacktest 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% |
Trading Performance
Average Directional Index
Score
1.0
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 3 | 201.3 | 1.00% | % | 14.3% | % | 42.8% |
| SHORT | 3 | 36.3 | 0.33% | 0.50% | 9.9% | -4.6% | 0.8% |
Summary
Technical Analysis
REA Group (REA.AX)
Indicator:
AVG DIRECTIONAL INDEX
Last Signal:
MEDIUM TREND
Trading: HOLD @ $95.43
Signal Strength: MEDIUM
Recommendation:
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
REA Group (ASX:REA) has confirmed a strong trend is present. REA Group has an ATR(14) of 1.814, a DX of 52.42 & an ADX(14) of 37.97
The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.
Calculation: Average Directional Movement Index (ADX):
Trend Strength
;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;
PROFILE: REA Group (REA.AX)
Stock Exchange: ASX
Company: REA Group
Ticker Codes: | REA.AX | 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.
Top 10:
Average Directional Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| PNV Polynovo | 1.4 | 9.8 | 3,261,201 | 48.4 | BULLISH |
| GGG Greenland Minerals | 0.14 | 8 | 2,362,420 | 46.98 | BULLISH |
| CLQ Clean Teq Holdings | 0.32 | 6.7 | 1,263,824 | 26.85 | BULLISH |
| NAN Nanosonics | 5.6 | 5.7 | 3,678,008 | 27.09 | BULLISH |
| MVF Monash IVF | 1.46 | 5.4 | 1,302,784 | 56.39 | BULLISH |
| MAH Macmahon | 0.21 | 5.1 | 1,402,377 | 27.18 | BULLISH |
| CGL The Citadel | 4.6 | 5 | 510,148 | 49.66 | BULLISH |
| PGH Pact | 2.38 | 4.8 | 1,550,238 | 27.61 | BULLISH |
| MCY Mighty River Power | 3.95 | 4.5 | 1,566 | 25.67 | BULLISH |
| WTC Wisetech Global | 28.72 | 4.4 | 725,330 | 33.35 | BULLISH |