Seven 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

Triangular Moving Average

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 23 20.2 0.35% 0.53% 9.5% -1.5% 52.6%
SHORT 24 13.4 0.17% 0.20% 11.0% -2.4% -3.5%

Summary

Technical Analysis

Seven Holdings (SVW.AX)


Indicator:

TRIANGULAR MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $18.29
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.


Seven Holdings (ASX:SVW) currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.1%.



A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.

Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;


PROFILE: Seven Holdings (SVW.AX)


Stock Exchange: ASX
Company: Seven Holdings
Ticker Codes: | SVW.AX | ASX:SVW |

About Seven Holdings (ASX:SVW):

Seven Group Holdings Limited engages in heavy equipment sales and service, equipment hire, media, broadcasting, and energy assets businesses in Australia and the United States. It operates through WesTrac Australia, AllightSykes, Coates Hire, Media Investments, Energy, and Other Investments segments. The company operates as a caterpillar dealer providing heavy equipment sales and support services in Western Australia, New South Wales, and the Australian Capital Territory. It also manufactures, assembles, sells, and supports lighting, power generation, and dewatering equipment to mining, construction, and industrial customers; distributes Perkins engines; and provides equipment hiring services, including a range of general and specialist equipment for various markets, such as engineering, building construction and maintenance, mining and resources, manufacturing, government, and events. In addition, the company invests in television, content production, digital, and magazine and newspaper publishing businesses; and direct and indirect property holdings, as well as in oil and gas assets in energy sector. Seven Group Holdings Limited is headquartered in Pyrmont, Australia.

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