Shine Corporate

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

Weighted Moving Average

Score

-2.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 51 8.2 0.25% 0.33% 4.5% -3.4% -77.0%
SHORT 51 7.9 0.20% 0.23% 5.6% -3.3% -87.3%

Summary

Technical Analysis

Shine Corporate (SHJ.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $0.65
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.


Shine Corporate (ASX:SHJ) currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.0%.



Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.

Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n


PROFILE: Shine Corporate (SHJ.AX)


Stock Exchange: ASX
Company: Shine Corporate
Ticker Codes: | SHJ.AX | ASX:SHJ |

About Shine Corporate (ASX:SHJ):

Shine Corporate Limited provides damages based plaintiff litigation legal services in Australia; and insurance recovery consulting services in New Zealand. It operates through two segments, Personal Injury and Emerging Practice Areas. The company offers legal services related to personal injuries practice area, including medical negligence, public liability, catastrophic injuries, workers' compensation, and motor vehicle accidents; and other practice areas, such as disability insurance and superannuation claims, professional negligence, social justice, class actions, first party insurance recovery claims, landowners' rights, aviation, product liability, family law, and asbestos compensation. Shine Corporate Limited was founded in 1976 and is based in Brisbane, Australia.

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