Steamships Trading Company

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

Relative Strength Index

Score

-0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 73.0 0.50% 1.00% 5.3% -3.6% 3.3%
SHORT 4 72.3 0.50% 0.67% 2.8% -3.7% -5.5%

Summary

Technical Analysis

Steamships Trading Company (SST.AX)


Indicator:

RELATIVE STRENGTH INDEX


Last Signal:

BULLISH


Trading: BUY @ $15.9
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.


Steamships Trading Company (ASX:SST) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.



The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder which compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.

Calculation: Relative Strength Index (RSI):
1) RSI = 100 - 100 / (1 + RS);
2) RS = Average Gain / Average Loss;


PROFILE: Steamships Trading Company (SST.AX)


Stock Exchange: ASX
Company: Steamships Trading Company
Ticker Codes: | SST.AX | ASX:SST |

About Steamships Trading Company (ASX:SST):

Steamships Trading Company Limited engages in the shipping, transport, property, manufacturing, and hotel businesses in Papua New Guinea. It operates through Commercial, Hotels and Property, and Logistics segments. The company offers various shipping services, including scheduled cargo liner; and short and long term vessel charters specialized in shallow water river shipping. It operates a fleet of 19 coastal vessels. The company also provides intermodal logistics solutions, as well as harbor towage and mooring services; operates a fleet of prime movers, heavy trucks, light trucks, forklifts, and reach stackers for the transport of bulk fuel, containerized cargoes, sawdust and coffee, and break-bulk cargoes, as well as provides depot related services, such as equipment hire, warehousing, and yard storage; offers licensed customs cargo clearance service in Lae and Port Moresby; and provides project solutions for the mining, oil, and gas sectors, as well as stevedoring and handling services. In addition, it operates seven hotel and apartment complexes with 546 hotel rooms and 129 apartments, which offer hotel facilities and serviced apartments, as well as meeting, conference, and banqueting facilities; develops residential, commercial, retail, and industrial properties; and manufactures ice creams, vegetable oils, condiments, powdered drinks, snack foods, and spirits under the Gala, Highland Meadows and Laga Cooking Oils, Kools, Star of India Curry Powder, 111 Baking Powder, and Instant Yeast brands, as well as bottle drinking water under the Tropical Oasis brand and various private labels. The company was founded in 1919 and is headquartered in Port Moresby, Papua New Guinea. Steamships Trading Company Limited is a subsidiary of John Swire & Sons (PNG) Limited.

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Relative Strength Index

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