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

Bar Reversal

Score

0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 42 10.4 0.48% 0.87% 3.5% -4.3% -28.5%
SHORT 43 9.0 0.58% 1.25% 3.3% -2.7% 27.8%

Summary

Technical Analysis

Somnomed (SOM.AX)


Indicator:

BAR REVERSAL


Last Signal:

NEUTRAL


Trading: NO POSITION @ $1.6
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Somnomed (ASX:SOM)No bar reversal is present for Somnomed. Over the last 12 months there have been 4 occurrences of no bar reversals giving a signal probability of 1.5%.


PROFILE: Somnomed (SOM.AX)


Stock Exchange: ASX
Company: Somnomed
Ticker Codes: | SOM.AX | ASX:SOM |

About Somnomed (ASX:SOM):

SomnoMed Limited, together with its subsidiaries, produces and sells devices for the oral treatment of sleep related disorders in Australia and internationally. Its products include SomnoDent oral appliance for obstructive sleep apnea; and SomnoBrux, a mouthguard, which protects patient's from teeth grinding damage, as well as SomTabs for cleaning its devices. The company was founded in 2004 and is based in Crows Nest, Australia.

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