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

Acceleration Bands

Score

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 50 6.7 0.24% 0.31% 3.6% -3.0% -72.7%
SHORT 50 10.0 0.30% 0.43% 9.1% -3.5% 12.9%

Summary

Technical Analysis

Shriro (SHM.AX)


Indicator:

ACCELERATION BANDS


Last Signal:

BULLISH


Trading: BUY @ $0.7
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Shriro (ASX:SHM) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.



Acceleration bands serve as a trading envelope using an instrument’s typical volatility over a standard setting of 20 bars. The user may change the input (close) period length and multiplier factor.

Calculation: Acceleration Bands:
1) Upper band = ( High * ( 1 + 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
2) Lower band = ( Low * ( 1 – 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
3) Where Factor=0.001


PROFILE: Shriro (SHM.AX)


Stock Exchange: ASX
Company: Shriro
Ticker Codes: | SHM.AX | ASX:SHM |

About Shriro (ASX:SHM):

Shriro Holdings Limited manufactures and distributes kitchen appliances and consumer products in Australia and New Zealand. It operates through Kitchen Appliances and Consumer Products segments. The Kitchen Appliances segment offers ovens, cooktops, rangehoods, dishwashers, sinks, taps, ironing systems, and laundry tubs, as well as waste disposal and ducting solutions. The Consumer Products segment provides watches, calculators, electronic musical instruments, projectors, point of sale terminals, cameras, barbeques, heaters, fans, air purifiers/dehumidifiers, and speakers, as well as fashion, car audio, professional DJ, amplifier, and Hi Fi products. The company offers its products under its own brands, including Omega, Robinhood, Everdure, and Omega Altise; and third party owned brands, such as Casio, Blanco, and Pioneer. Shriro Holdings Limited was incorporated in 2015 and is headquartered in Kingsgrove, Australia.

Top 10:

Acceleration Bands

Download
Company Close Change(%) Volume Value Signal
ECX Eclipx 1.7 8.6 2,968,913 3.14 BULLISH
AGI Ainsworth Game Technology 0.82 3.8 200,641 2.8 BULLISH
SWM Seven West Media 0.38 2.7 1,685,744 1.83 BULLISH
TRS Reject Shop 2.27 2.3 81,581 4.34 BULLISH
CIM Cimic 32.86 2.1 359,514 0.02 BULLISH
BFG Bell Financial 0.97 2.1 96,934 2 BULLISH
MVF Monash IVF 1.03 2 74,668 7.2 BULLISH
WGX Westgold Resources 2.14 1.9 828,029 5.79 BULLISH
OFX Ozforex 1.33 1.5 546,437 7.93 BULLISH
AMA Allomak 1.35 1.5 1,826,636 3.54 BULLISH