What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Open vs Close

Score

0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 107 3.9 0.50% 0.93% 1.9% -1.2% 30.1%
SHORT 108 4.7 0.29% 0.40% 2.4% -1.3% -28.7%

Summary

Technical Analysis

Resmed (RMD.AX)


Indicator:

OPEN CLOSE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $23.05
Signal Strength: MEDIUM
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.


Resmed (ASX:RMD) opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 27.8%. This suggests the sellers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 14.3%.



The opening and closing bar positions can add depth to assess whether buyers of sellers commitment is changing and thus which side is in control at the close of the trading session.

Calculation: Open Today Versus Close Today (OTCT):
1) If the market opens near the low and closes near the high the buyers have had control during the entire day;
2) If the market opens near the high and closes near the low the sellers have had control during the entire day;
3) If the market opens near one extreme of the range and closes near the middle of the range the side who started in control has lost commitment;
4) If the market opens near one extreme and closes near the same extreme the side who started in control has lost control;
5) If the market opens near the middle of the range and closes near one extreme control has swung to the buyers;
6) If the close is near the high and if the close is near the low the control has swung to the sellers;
7) If the market opens near the middle of the range and closes similarly neither side is strongly committed;


PROFILE: Resmed (RMD.AX)


Stock Exchange: ASX
Company: Resmed
Ticker Codes: | RMD.AX | ASX:RMD |

About Resmed (ASX:RMD):

ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders comprising sleep disordered breathing, chronic obstructive pulmonary disease, neuromuscular disease, and other chronic diseases. It offers various products and solutions for a range of respiratory disorders, including technologies to be applied in medical and consumer products, ventilation devices, diagnostic products, mask systems for use in the hospital and home, headgear and other accessories, dental devices, portable oxygen concentrators, and cloud-based software informatics solutions to manage patient outcomes, as well as provides customer and business processes. The company also provides humidifiers, carry bags, and breathing circuits; and data communications and control products, such as EasyCare, ResLink, ResControl, ResControl II, TxControl, ResScan, and ResTraxx modules that facilitate the transfer of data and other information to and from the flow generators. It markets its products to sleep clinics, home healthcare dealers, patients, hospitals, physicians, and third-party payers through a network of distributors and direct sales force in approximately 120 countries. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California.

Top 10:

Open vs Close

Download
Company Close Change(%) Volume Value Signal
BEE Broo 0.02 9.1 493,100 -1 BEARISH
ORE Orocobre 3.4 6.6 5,681,011 0 BEARISH
IPD Impedimed 0.17 6.5 264,442 0 BEARISH
CVW Clearview Wealth 0.51 5.2 34,015 -1 BEARISH
KAR Karoon Gas Australia 1.39 4.9 4,815,705 -1 BEARISH
FXL Flexigroup 1.96 4 1,602,121 -1 BEARISH
LYL Lycopodium 5.8 3.6 12,020 -1 BEARISH
MTO Moto Goldmines 1.98 3.4 9,360 -1 BEARISH
BFC Beston Global Food 0.1 3.2 71,458 -1 BEARISH
HFR Highfield Resources 0.8 3.2 4,807 0 BEARISH