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

Elder's Force Index

Score

0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 35 11.1 0.57% 0.95% 2.8% -1.9% 16.1%
SHORT 36 10.7 0.72% 1.53% 2.1% -2.1% 18.3%

Summary

Technical Analysis

Runge (RUL.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.602
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Runge (ASX:RUL) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 235.



Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;


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:

Elder's Force Index

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