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

-0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 132 3.5 0.28% 0.39% 4.1% -1.4% 15.3%
SHORT 132 4.0 0.32% 0.45% 2.5% -1.3% -20.6%

Summary

Technical Analysis

Webjet (WEB.AX)


Indicator:

PRICE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $13.63
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.


Webjet (ASX:WEB) sellers are keener than buyers and are driving the price down. There has been 5 consecutive days of price decline for WEB adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -4.0 & the greatest daily negative change this year has been -40.5. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -43.7%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -43.7%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.2x. Over the last month the average daily downward movement has been -1.900000%



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: 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.

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