Trading indicator
Relative Strength IndexTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Relative Strength Index
Score
-0.2
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 9 | 24.9 | 0.56% | 1.25% | 8.8% | -3.6% | 29.9% |
| SHORT | 10 | 49.6 | 0.20% | 0.25% | 12.8% | -10.4% | -57.5% |
Summary
Technical Analysis
The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder which compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.
Calculation: Relative Strength Index (RSI):
1) RSI = 100 - 100 / (1 + RS);
2) RS = Average Gain / Average Loss;
PROFILE: Xero (XRO.AX)
Stock Exchange: ASX
Company: Xero
Ticker Codes: | XRO.AX | ASX:XRO |
Xero Limited, together with its subsidiaries, operates as a software as a service company worldwide. The company offers Xero, a cloud-based accounting software that connects small businesses to their advisors. It also provides accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook/Ledger; and Xero mobile app. The company serves various businesses, such as retail, high tech, non-profit, legal, Amazon sellers, hospitality, cafÚs, startups, construction, creatives, e-commerce, small business, healthcare, farming, manufacturing, tourism, and real estate. Xero Limited was founded in 2006 and is headquartered in Wellington, New Zealand.
Top 10:
Relative Strength Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| IPD Impedimed | 0.19 | 5.7 | 1,187,121 | 32.15 | BULLISH CROSSOVER |
| OSP Osprey Medical | 0.03 | 3.1 | 20,438 | 77.59 | BULLISH CROSSOVER |
| NUF Nufarm | 5.52 | 2.4 | 1,563,114 | 39.52 | BULLISH CROSSOVER |
| IFL Ioof Holdings | 7.95 | 2.4 | 1,711,708 | 38.57 | BULLISH CROSSOVER |
| MSB Mesoblast | 1.92 | 1.9 | 1,708,935 | 70.19 | BULLISH CROSSOVER |
| SIV Silver Chef | 0.68 | 1.5 | 19,203 | 36.38 | BULLISH CROSSOVER |
| DTL Data#3 | 3.55 | 1.4 | 94,923 | 70.19 | BULLISH CROSSOVER |
| XXJ ASX 200 Fin-X-Prop | 6725.1 | 1.4 | 0 | 36.74 | BULLISH CROSSOVER |
| AFI Australian Foundation | 6.89 | 0.6 | 355,300 | 72.46 | BULLISH CROSSOVER |
| XTJ ASX 200 Telecomms | 1295 | 0.2 | 0 | 72.91 | BULLISH CROSSOVER |