Tabcorp 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

Close Change

Score

1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 111 4.2 0.41% 0.69% 2.1% -1.0% 28.0%
SHORT 111 4.3 0.41% 0.65% 1.9% -0.9% 20.0%

Summary

Technical Analysis

Tabcorp Holdings (TAH.AX)


Indicator:

PRICE CHANGE


Last Signal:

BULLISH


Trading: BUY @ $4.57
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Tabcorp Holdings (ASX:TAH) buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for TAH adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.3 & the greatest daily positive change this year has been 475.9. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 475.9%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 475.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 0.800000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


PROFILE: Tabcorp Holdings (TAH.AX)


Stock Exchange: ASX
Company: Tabcorp Holdings
Ticker Codes: | TAH.AX | ASX:TAH |

About Tabcorp Holdings (ASX:TAH):

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. It operates through three segments: Wagering and Media, Keno, and Gaming Services. The Wagering and Media segment conducts wagering activities under the TAB brand in Victoria, New South Wales (NSW), and the Australian Capital Territory (ACT) through a network of agencies, hotels, and clubs; provides on-course totalizators at thoroughbred, harness, and greyhound metropolitan and race meetings, as well as through Internet, mobile devices, phone, and pay TV; and offers totalizator and fixed odds betting products on racing and sporting events. This segment also operates Luxbet, a racing, sport, and novelty product bookmaking service by phone, Internet, and mobile devices; and Trackside, a computer simulated racing product in Victoria, NSW, and the ACT, as well as licenses Trackside. In addition, it operates three Sky Racing television channels broadcasting thoroughbred, harness and greyhound racing, and other sports; and Sky Sports radio network in NSW and the ACT. The Keno segment operates licensed venues and TABs in Victoria, Queensland, the ACT, and NSW. The Gaming Services segment supplies electronic gaming machines and gaming systems, as well as offers specialized services to licensed gaming venues, including monitoring services. Tabcorp Holdings Limited was founded in 1994 and is based in Melbourne, Australia.

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