Xenith Ip

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

Weighted Moving Average

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 20.8 0.37% 0.54% 10.7% -3.3% 31.8%
SHORT 20 15.1 0.20% 0.25% 14.7% -3.7% -0.3%

Summary

Technical Analysis

Xenith Ip (XIP.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $2.46
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.


Xenith Ip (ASX:XIP) currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.0%.



Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.

Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n


PROFILE: Xenith Ip (XIP.AX)


Stock Exchange: ASX
Company: Xenith Ip
Ticker Codes: | XIP.AX | ASX:XIP |

About Xenith Ip (ASX:XIP):

Xenith IP Group Limited provides intellectual property (IP) services and advice relating to the identification, registration, management, commercialization, and enforcement of IP rights in Australia, New Zealand, and internationally. The company primarily offers IP services relating to patents, trademarks, and industrial designs. It serves corporations, research institutes, educational institutions, SMEs, start-up companies, and entrepreneurs; domestic professional services firms; and foreign associates, including offshore IP and law firms. Xenith IP Group Limited was founded in 1859 and is based in Sydney, Australia.

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Weighted Moving Average

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