Treasury Wine Estates

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

Tricklar Trend

Score

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 68.9 0.25% 0.33% 14.4% -7.4% -15.2%
SHORT 9 23.0 0.11% 0.13% 8.7% -6.7% -44.8%

Summary

Technical Analysis

Treasury Wine Estates (TWE.AX)


Indicator:

TRICKLAR TREND


Last Signal:

BEARISH


Trading: SELL @ $15.07
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 been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Treasury Wine Estates (ASX:TWE) is in an downtrend in the medium term timeframe. The current rally number is 4 & the highest rally count for the LTM is 4. The highest rally for the month is 9



The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;


PROFILE: Treasury Wine Estates (TWE.AX)


Stock Exchange: ASX
Company: Treasury Wine Estates
Ticker Codes: | TWE.AX | ASX:TWE |

About Treasury Wine Estates (ASX:TWE):

Treasury Wine Estates Limited operates as a wine company in Australia, New Zealand, Asia, Europe, and the Americas. It engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. The company offers commercial, masstige, and luxury wines under the Penfolds, Beringer, Lindeman's, Wolf Blass, 19 Crimes, Chateau St Jean, Beaulieu Vineyard, and Sterling Vineyards brands; distributes beer and cider under license in New Zealand; and provides contract bottling services to third parties. It owns and leases 9,356 planted hectares of vineyards in Australia and New Zealand; owns and operates 3,758 planted hectares of vineyards in key viticultural regions in California; and has 152 planted hectares of vineyards in Europe. The company markets its products to distributors, retail chains, independent retailers, and premise outlets, as well as directly to consumers. Treasury Wine Estates Limited was founded in 1843 and is headquartered in Southbank, Australia.

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