Regional Express

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

MACD

Score

-0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 17.6 0.30% 0.40% 10.4% -3.9% 4.0%
SHORT 21 18.5 0.19% 0.24% 4.3% -3.0% -32.9%

Summary

Technical Analysis

Regional Express (REX.AX)


Indicator:

MACD


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $1.41
Signal Strength: STRONG
Recommendation:

Regional Express (ASX:REX) currently has positive MACD of 0.0014. Currently the signal line is greater than the MACD line signalling a bullish movement.

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


Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;


PROFILE: Regional Express (REX.AX)


Stock Exchange: ASX
Company: Regional Express
Ticker Codes: | REX.AX | ASX:REX |

About Regional Express (ASX:REX):

Regional Express Holdings Limited, together with its subsidiaries, engages in the air transportation of passengers and freight in Australia. The company operates through Regular Public Transport and Charter segments. It provides defense and government related aviation support services; aero-medical services for ambulance Victoria; fly in/fly out charter services; express freight services; and air tours charter services. The company also offers training programs to students and other airlines. As of September 22, 2017, it operated a fleet of approximately 50 Saab 340 aircraft to 59 destinations in Australia. The company was formerly known as Australiawide Airlines Limited. Regional Express Holdings Limited is based in Mascot, Australia.

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