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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

MACD

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 20.6 0.47% 0.90% 10.5% -6.6% 28.6%
SHORT 19 17.8 0.47% 0.90% 7.0% -5.6% 7.1%

Summary

Technical Analysis

Webjet (WEB.AX)


Indicator:

MACD


Last Signal:

BULLISH


Trading: HOLD @ $13
Signal Strength: STRONG
Recommendation:

Webjet (ASX:WEB) currently has positive MACD of 0.0211. Currently the signal line is greater than the MACD line signalling a bullish movement.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;


PROFILE: Webjet (WEB.AX)


Stock Exchange: ASX
Company: Webjet
Ticker Codes: | WEB.AX | ASX:WEB |

About Webjet (ASX:WEB):

Webjet Limited provides online travel booking services in Australia, New Zealand, and internationally. It operates through Business to Consumer Travel and Business to Business Travel segments. The company enables its customers to compare, combine, and book travel flights, hotel accommodation, holiday package deals, car hire, travel insurance, motorhomes, and cruises, as well as offers digital marketing consultancy services. Its brands include Webjet, Online Republic, Lots of Hotels, Sunhotels, and FIT Ruums. The company serves consumers, travel agents, online travel agencies, wholesalers, and tour operators. Webjet Limited is based in Melbourne, Australia.

Top 10:

MACD

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