Worleyparsons

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%

What indicators would you like to backtest?

Trading Performance

Sine Weighted Moving Average

Score

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 39 11.2 0.28% 0.39% 6.2% -2.6% -5.6%
SHORT 38 9.2 0.21% 0.27% 6.5% -2.7% -28.4%

Summary

Technical Analysis

Worleyparsons (WOR.AX)


Indicator:

SINE WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $14.54
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.


Worleyparsons (ASX:WOR) currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.1%.



A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.

Calculation: Sine Weighted Moving Average (SWMA):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den


PROFILE: Worleyparsons (WOR.AX)


Stock Exchange: ASX
Company: Worleyparsons
Ticker Codes: | WOR.AX | ASX:WOR |

About Worleyparsons (ASX:WOR):

WorleyParsons Limited provides professional services to the resources and energy sectors in Australia and internationally. The company provides engineering design and project delivery services, including maintenance, reliability support, and advisory services. The company offers engineering and project management services to the floating production systems, heavy oil and oil sands, offshore topsides, offshore pipelines and subsea systems, onshore pipelines and receiving terminals, onshore oil and gas production facilities, sulphur recovery plants, arctic and cold climate, and unconventional oil and gas facilities, as well as for petrochemicals, refining, and LNG sectors. It also provides engineering and project services for base metals, coal, chemicals, ferrous metals, alumina, aluminum, iron ore, and gas cleaning industries. In addition, the company offers infrastructure business support services for resource and urban infrastructure markets, including environmental and restoration services, development of water gathering and processing facilities, rail and port assets, and power generation and transmission. WorleyParsons Limited was founded in 1971 and is based in North Sydney, Australia.

Top 10:

Sine Weighted Moving Average

Download
Company Close Change(%) Volume Value Signal
MOY Millennium Minerals 0.1 22 12,026,126 53.8 BULLISH
ASL Ausdrill 1.74 10.5 8,810,838 19.6 BULLISH
CLQ Clean Teq Holdings 0.38 10.3 4,365,526 21.8 BULLISH
ALK Alkane Exploration 0.46 7.1 4,445,709 18.2 BULLISH
AJX Alexium International 0.16 6.9 1,232,642 26 BULLISH
BTI Bailador Technology Investments 1.03 6.2 579,514 8 BULLISH
FDV Frontier Digital Ventures 0.77 6.2 113,332 15.6 BULLISH
PNV Polynovo 1.56 5.1 4,075,815 20.3 BULLISH
MAH Macmahon 0.22 4.8 908,462 16.4 BULLISH
DNA Donaco International 0.11 4.8 2,736,673 7.8 BULLISH