Trading indicator
Elder's Force IndexTrade 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% |
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
Elder's Force Index
Score
0.95
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 46 | 8.6 | 0.65% | 1.43% | 1.6% | -1.4% | 19.6% |
| SHORT | 47 | 8.9 | 0.55% | 0.96% | 1.9% | -1.3% | 12.9% |
Summary
Technical Analysis
Stockland (SGP.AX)
Indicator:
ELDERS FORCE INDEX
Last Signal:
BULLISH
Trading: BUY @ $5.1
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.
Stockland (ASX:SGP) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 36378.
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: Stockland (SGP.AX)
Stock Exchange: ASX
Company: Stockland
Ticker Codes: | SGP.AX | ASX:SGP |
Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia's largest diversified property group ? owning, developing and managing a large portfolio of shopping centres, residential communities, logistic centres, business parks, office assets and retirement living villages. Stockland is rated as one of the most sustainable real estate companies in the world by the Dow Jones Sustainability World Index (DJSI). Stockland is also an Employer of Choice for Gender Equality, as recognised by the Workplace Gender Equality Agency.
Top 10:
Elder's Force Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| RKN Reckon | 0.76 | 13.4 | 127,825 | -5,785 | BEARISH |
| LNG Liquefied Natural Gas | 0.12 | 9.1 | 340,710 | -311 | BEARISH |
| AMP AMP | 1.99 | 5.3 | 27,594,274 | -388,208 | BEARISH |
| ANG Austin Engineering | 0.2 | 5.3 | 116,011 | -480 | BEARISH |
| JHC Japara Healthcare | 0.97 | 4.9 | 745,332 | -2,629 | BEARISH |
| VAH Virgin Australia Holdings | 0.13 | 4 | 596,964 | -2,365 | BEARISH |
| TRS Reject Shop | 4.54 | 3.9 | 174,049 | -305 | BEARISH |
| TBR Tribune Resources | 5.3 | 3.9 | 38,686 | -161,139 | BEARISH |
| PNI Pinnacle Investment Management | 6.19 | 3.2 | 1,394,190 | -491 | BEARISH |
| ABP Abacus Property | 4.05 | 3.1 | 2,265,633 | -32,921 | BEARISH |