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

Simple Moving Average

Score

-1.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 36 10.9 0.22% 0.27% 2.1% -1.3% -22.0%
SHORT 37 11.4 0.30% 0.41% 2.5% -1.4% -11.9%

Summary

Technical Analysis

Scentre (SCG.AX)


Indicator:

SIMPLE MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $3.82
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Scentre (ASX:SCG) currently has a confirmed uptrend. This means the SMA 15 day average has exceeded the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.3%.



A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.

Calculation: Simple Moving Average:
1) SMA: n period sum / n;


PROFILE: Scentre (SCG.AX)


Stock Exchange: ASX
Company: Scentre
Ticker Codes: | SCG.AX | ASX:SCG |

About Scentre (ASX:SCG):

Scentre Group owns and operates the pre-eminent shopping centre portfolio in Australia and New Zealand with retail real estate assets under management valued at $51 billion and shopping centre ownership interests valued at $36.2 billion. This comprises 39 Westfield shopping centres which have strong franchise value and the ability to attract the world's leading retail brands. Scentre Group's strategy is to own interests in the highest quality regional shopping centres in its markets and to invest in these assets through redevelopment opportunities, ensuring that the Group's shopping centres enrich communities by providing extraordinary retail spaces. Many shopping centres in the portfolio are owned in partnership with leading property investment institutions. Westfield shopping centres are an essential part of the community's social and economic fabric and in 2017 more than 530 million customers visits were made across Australia and New Zealand.

Top 10:

Simple Moving Average

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