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

Momentum Oscillator

Score

-2.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 47 8.7 0.26% 0.31% 6.4% -2.6% -25.3%
SHORT 48 8.3 0.44% 0.58% 0.6% -2.6% -81.7%

Summary

Technical Analysis

Runge (RUL.AX)


Indicator:

MOMENTUM


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $1.14
Signal Strength: MEDIUM
Recommendation:

Runge (ASX:RUL) currently has positive momentum of 0.04. This means the current price is greater than the price 14 days ago and therefore gaining 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: Runge (RUL.AX)


Stock Exchange: ASX
Company: Runge
Ticker Codes: | RUL.AX | ASX:RUL |

About Runge (ASX:RUL):

RPMGlobal Holdings Limited develops and provides mining software solutions in Australia, Asia, the Americas, Africa, and Europe. It provides enterprise mining and asset management, execution, financial, mine designing and reservation, planning and scheduling, and simulation software. The company offers enterprise planning framework; AMT, an asset management solution for mining equipment; operations manager, a shift wide productivity platform; XECUTE, an enterprise mine planning application for the ultra-short term planning horizon; Shiftlog software; XERAS, a budgeting and strategic planning solution; and XERAS Enterprise, an enterprise financial modeling system. It also provides decline optimization tool; large-scale underground network optimizer; planar underground network optimizer; COAL SEAM AGG and BLOCK AGG geological integration software; FRACSIS, a data integration software application; XPAC Solution, a mine scheduling software for oil sands, open cut coal and phosphate mines, open pit diamond and metal mines, quarries, and underground coal and metal mines; and XACT, a short term mine scheduling and enterprise software. In addition, the company offers DRAGSIM, a dragline simulation system for modeling dragline stripping operations; HAULNET, a haul route planning software; TALPAC, a haulage and loading simulator; HAULSIM, a 3D discrete event simulation software; SIMULATE, an enterprise-enabled solution for original equipment manufacturers; and Underground Coal TALPAC for long wall planning. Further, it provides mining project advisory services; mergers and acquisitions, project funding, and other services; and software and professional development training services, as well as laboratory gas testing services. The company was formerly known as RungePincockMinarco Limited and changed its name to RPMGlobal Holdings Limited in March 2017. RPMGlobal Holdings Limited was founded in 1968 and is headquartered in Brisbane, Australia.

Top 10:

Momentum Oscillator

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