Wesfarmers

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

Exponential Moving Average

Score

0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 44 10.8 0.25% 0.33% 3.1% -1.1% -0.8%
SHORT 45 7.8 0.20% 0.24% 6.1% -1.1% 12.9%

Summary

Technical Analysis

Wesfarmers (WES.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $36.65
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.


Wesfarmers (ASX:WES) currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 1.0%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


PROFILE: Wesfarmers (WES.AX)


Stock Exchange: ASX
Company: Wesfarmers
Ticker Codes: | WES.AX | ASX:WES |

About Wesfarmers (ASX:WES):

Wesfarmers Limited engages in the retail, coal mining and production, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacturing, and investment businesses in Australia, New Zealand, the United Kingdom, and internationally. The company operates 801 Coles supermarkets; 883 liquor stores under the Liquorland, Vintage Cellars, and First Choice Liquor brands; 89 hotels; 702 convenience outlets; and an online supermarket. It also offers home, car, and landlord insurance products, as well as credit cards; home improvement and outdoor living products through warehouse stores, smaller format stores, trade centers, and frame and truss sites under the Bunnings name; apparel, homewares, and general merchandise through 303 Target stores and 220 Kmart stores, as well as through online; automotive services, repairs, and tires through 251 Kmart Tyre & Auto Service centers; and office products and solutions through Officeworks stores. In addition, the company supplies building materials; retails office and technology products; manufactures and supplies ammonia, ammonium nitrate, industrial chemicals, sodium cyanide, polyvinyl chloride resins, and wood-plastic composite decking and screening products; extracts and distributes LPG and LNG; and manufactures, imports, and distributes phosphate, nitrogen, and potassium-based fertilizers. Further, the company supplies industrial supplies and safety products; provides risk management and compliance services; offers industrial and corporate workwear; distributes industrial gas; and holds interests in the Curragh and the Bengalla coal mines. Wesfarmers Limited was founded in 1914 and is based in Perth, Australia.

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Exponential Moving Average

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