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

Bar Reversal

Score

-2.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 11.1 0.34% 0.48% 2.8% -5.4% -94.1%
SHORT 30 14.4 0.30% 0.43% 5.8% -4.9% -51.0%

Summary

Technical Analysis

SG Fleet (SGF.AX)


Indicator:

CLOSE REVERSAL


Last Signal:

BEARISH


Trading: SELL @ $2.48
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


SG Fleet (ASX:SGF) short term Open Close Reversal has formed with SG Fleet which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.



The Open/Close Reversal maintains the trend direction where there is a change in control evident from the open and close positions. The reversal signal is not clearly evident by most traders following only the closing price where there is a change in commitment of the side driving the current trend.

Calculation: Open Close Reversal:
1) Uptrend: Open (near high) & Close (near low) & [High] > [High Yesterday] & [Low] > [Low Yesterday] & [Close] > [Close Yesterday];
2) Downtrend: Open (near low) & Close (near high) & [High] < [High Yesterday] & [Low] < [Low Yesterday] & [Close] < [Close Yesterday];


PROFILE: SG Fleet (SGF.AX)


Stock Exchange: ASX
Company: SG Fleet
Ticker Codes: | SGF.AX | ASX:SGF |

About SG Fleet (ASX:SGF):

SG Fleet Group Limited, together with its subsidiaries, provides fleet management and leasing services in Australia, New Zealand, and the United Kingdom. It offers fleet management services, which include funding options comprising operating lease/contract hire, finance lease, and client sourced funding services; maintenance plans, including tire replacement; registration renewals; fuel cards and reporting, breakdown and accident assistance, comprehensive insurance, vehicle acquisition and disposal, and other products and services. The company's products include driversafety intelligence, which supports employers to develop driver safety practices and manage risks associated with employees using vehicles in connection with work; Bookingintelligence, a resource management application that enables to manage a pool of resources online; and app to keep track of novated leases. Further, the company provides Fleetintelligence 2.0, a reporting and management system that enables access to information on vehicle activity; and vehicle accessories, such as window tinting, in-car communications, vehicle safety kits and security systems, and satellite navigation systems. Additionally, it offers Logbook and the Logbook App for record keeping requirements of vehicles used for business purposes; FBT intelligence, a computer based system to enhance collecting and analyzing information for fringe benefits taxes; and roadside assistance, toll management, traffic infringement, and salary packaging services. The company was founded in 1986 and is based in Pymble, Australia. SG Fleet Group Limited is a subsidiary of Bluefin Investments Limited.

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