Summerset Holdings

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

Exponential Moving Average

Score

-0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 21.7 0.40% 0.62% 6.8% -3.4% 10.0%
SHORT 21 15.5 0.33% 0.47% 3.0% -2.2% -11.2%

Summary

Technical Analysis

Summerset Holdings (SNZ.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $5.27
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.


Summerset Holdings (ASX:SNZ) currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 1.9%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


PROFILE: Summerset Holdings (SNZ.AX)


Stock Exchange: ASX
Company: Summerset Holdings
Ticker Codes: | SNZ.AX | ASX:SNZ |

About Summerset Holdings (ASX:SNZ):

Summerset Group Holdings Limited, together with its subsidiaries, builds, owns, and operates integrated retirement villages in New Zealand. The company provides various independent living options, including villas, townhouses, and apartments. It also offers support services, such as housekeeping, cleaning, daily newspaper delivery, personal laundry, ironing, and bed linen services; on-demand services, including companionship visits, personal shopping, home and spring-cleaning, car washing and grooming, WOF and service checks, and help walking or minding pets; and food services to residents comprising fresh cooked meals delivery to door. In addition, the company provides in-home care services, support services in apartments, and on-site care center services. As of September 14, 2017, it operated 22 retirement villages; and provided living options and care services to approximately 4,400 residents. Summerset Group Holdings Limited was founded in 1994 and is headquartered in Wellington, New Zealand.

Top 10:

Exponential Moving Average

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