Silver Chef

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

MACD

Score

0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 16 22.7 0.31% 0.45% 11.5% -11.7% -71.4%
SHORT 18 20.2 0.61% 1.57% 21.4% -5.0% 200.5%

Summary

Technical Analysis

Silver Chef (SIV.AX)


Indicator:

MACD


Last Signal:

BEARISH


Trading: SELL @ $0.355
Signal Strength: STRONG
Recommendation:

Silver Chef (ASX:SIV) currently has negative MACD of -0.032. This means the signal line is less than the MACD line signalling a bearish movement.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;


PROFILE: Silver Chef (SIV.AX)


Stock Exchange: ASX
Company: Silver Chef
Ticker Codes: | SIV.AX | ASX:SIV |

About Silver Chef (ASX:SIV):

Silver Chef Limited engages in the rental and financing of commercial equipment in Australia, New Zealand, and Canada. It operates in two segments, Hospitality and GoGetta. The Hospitality segment provides equipment rental and financing solutions to small and medium sized businesses in the hospitality industry, such as coffee shops, takeaway stores, independently owned restaurants, and franchises. The GoGetta segment offers equipment rental and financing solutions to small and medium sized businesses in other industries, such as transport and construction sectors. The company offers funding solutions through Rent.Grow.Own and Rent-Try-Buy. It also offers new and used equipment, such as beverage, coffee, cooking, display, food-preparation, refrigeration, and washing, as well as miscellaneous equipment. Silver Chef Limited was founded in 1986 and is headquartered in West End, Australia.

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