Woolworths

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

Stochastic Oscillator

Score

0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 11.6 0.40% 0.67% 3.2% -1.1% 24.4%
SHORT 40 8.4 0.33% 0.46% 2.0% -1.1% -3.3%

Summary

Technical Analysis

Woolworths (WOW.AX)


Indicator:

STOCHASTIC OSCILLATOR


Last Signal:

BULLISH


Trading: BUY @ $33
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Woolworths (ASX:WOW) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.



In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.

Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;


PROFILE: Woolworths (WOW.AX)


Stock Exchange: ASX
Company: Woolworths
Ticker Codes: | WOW.AX | ASX:WOW |

About Woolworths (ASX:WOW):

Woolworths Group Limited operates retail stores. The company operates through Australian Food, New Zealand Food, Endeavour Drinks, BIG W, and Hotels segments. The Australian Food segment engages in the procurement and resale of food products to customers in Australia. It operates 995 Woolworths supermarkets and 3 Thomas Dux stores. The New Zealand Food segment is involved in the procurement and resale of food and drinks to customers in New Zealand. It operates 184 Countdown supermarkets, as well as engages in wholesale operations. The Endeavour Drinks Group segment procures and resells liquor products to customers in Australia. This segment operates 1,517 liquor stores under the Dan Murphy's and BWS brands; and 2 Summergate stores, as well as the Cellarmasters, Langtons, and winemarket.com.au online platforms. The BIG W segment procures and resells discount general merchandise products to customers in Australia. It operates 185 BIG W stores. The Hotels segment offers leisure and hospitality services, including food and drinks, accommodation, entertainment, and gaming in Australia. This segment operates 329 hotels, including bars, dining, gaming, accommodation, and venue hire operations. It also provides financial services, including credit cards, reloadable MasterCards, and gift cards. The company was formerly known as Woolworths Limited and changed its name to Woolworths Group Limited in December 2017. Woolworths Group Limited was founded in 1924 and is based in Bella Vista, Australia.

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