Select Harvests

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

Basic Candlestick

Score

0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 107 4.4 0.40% 0.63% 2.6% -1.7% -6.0%
LONG 109 4.2 0.40% 0.61% 3.0% -1.5% 26.0%

Summary

Technical Analysis

Select Harvests (SHV.AX)


Indicator:

SHORT WHITE CANDLE


Last Signal:

BULLISH


Trading: BUY @ $6.43
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Select Harvests (ASX:SHV) has formed a Short White candlestick. This means, SHV has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.



This candlestick implies a relatively weak buying pressure with a limited price movement.

Calculation: Short White Candlestick:
1) The body of the candlestick is white and small.


PROFILE: Select Harvests (SHV.AX)


Stock Exchange: ASX
Company: Select Harvests
Ticker Codes: | SHV.AX | ASX:SHV |

About Select Harvests (ASX:SHV):

Select Harvests Limited engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates through Food Division and Almond Division segments. It also grows, processes, and sells almonds to the food industry from company owned almond orchards, as well as offers health snacks and muesli. The company has a portfolio of approximately 4,000 hectares of company owned, leased, and joint ventured almond orchards. In addition, it provides management services to external owners of almond orchards, including orchard development, tree supply, farm management, and land and irrigation infrastructure rental services; and markets and sells almonds on behalf of external investors. The company also exports its products to India and China, as well as rest of Asia, Europe, and the Middle East. It provides its products to retailers, distributors, and industrial users under the Lucky, Sunsol, NuVitality, and Soland brands in the retail markets, as well as Renshaw and Allinga Farms brands in the wholesale and industrial markets. The company is headquartered in Thomastown, Australia.

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