Reliance Worldwide Corporation

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

Basic Candlestick

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 111 4.0 0.51% 1.00% 2.0% -1.8% 9.5%
SHORT 111 4.5 0.46% 0.78% 2.8% -1.9% 15.9%

Summary

Technical Analysis

Reliance Worldwide Corporation (RWC.AX)


Indicator:

SHORT WHITE CANDLE


Last Signal:

BULLISH


Trading: BUY @ $4.41
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Reliance Worldwide Corporation (ASX:RWC) has formed a Short White candlestick. This means, RWC has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.



This candlestick implies a relatively weak buying pressure with a limited price movement.

Calculation: Short White Candlestick:
1) The body of the candlestick is white and small.


PROFILE: Reliance Worldwide Corporation (RWC.AX)


Stock Exchange: ASX
Company: Reliance Worldwide Corporation
Ticker Codes: | RWC.AX | ASX:RWC |

About Reliance Worldwide Corporation (ASX:RWC):

Reliance Worldwide Corporation Limited designs, manufactures, and supplies water control systems and plumbing solutions for domestic, commercial, and industrial applications. It primarily offers push-fit plumbing fittings under the SharkBite name; water control valves, including thermostatic mixing valves, combination non-return and isolating valves, pressure and temperature relief valves, and expansion control valves under the RMC brand; water safety valves under the Cash Acme name; and water control devices under the Reliance Water Controls name. The company also provides a range of water meters for hot and cold water applications under the RMC brand; backflow prevention devices, such as hose connection vacuum breakers, dual check valves, vented dual checks, and atmospheric vacuum breakers under the Cash Acme name; industrial products comprising compression fittings, couplings, adaptors, and ball valves under the TubeFit name for industrial-grade plumbing and gas line applications; and industrial fittings under the Titon brand. In addition, it offers custom forged products, including building products, water meter bodies, and other custom forgings; custom extrusions; brass plumbing fittings; and fire plumbing products, such as hydrant valves, boosters, standpipes, and couplings. The company provides plumbing solutions to businesses and households, as well as supplies hot water systems to manufacturers, plumbing distributors, government bodies, and other industries. It has operations in Australia, New Zealand, the United States, Canada, the United Kingdom, and Spain. Reliance Worldwide Corporation was founded in 1949 and is based in Melbourne, Australia.

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