Trading indicator
Simple Moving AverageTrade 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
Simple Moving Average
Score
-1.15
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 47 | 11.5 | 0.32% | 0.45% | 6.1% | -2.0% | 25.5% |
| SHORT | 47 | 6.7 | 0.06% | 0.07% | 8.6% | -2.3% | -76.6% |
Summary
Technical Analysis
Xero (XRO.AX)
Indicator:
SIMPLE MOVING AVERAGE
Last Signal:
BEARISH
Trading: SELL @ $79.34
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.
Xero (ASX:XRO) currently has a confirmed downtrend. This means the SMA 15 day average has moved below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.6%.
A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.
Calculation: Simple Moving Average:
1) SMA: n period sum / n;
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:
Simple Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| GRR Grange Resources | 0.24 | 4.3 | 393,189 | -4 | BEARISH CROSSOVER |
| CIA Champion Iron | 2.76 | 3 | 404,614 | -1.8 | BEARISH CROSSOVER |
| NEC Nine Entertainment | 1.88 | 2.2 | 4,563,754 | -4 | BEARISH CROSSOVER |
| ANZ Australia & Banking | 24.71 | 2 | 7,204,353 | -0.1 | BEARISH CROSSOVER |
| AHY Asaleo Care | 1.07 | 1.9 | 189,707 | -1.4 | BEARISH CROSSOVER |
| IFN IFN | 0.62 | 1.6 | 172,828 | -4.8 | BEARISH CROSSOVER |
| FDV Frontier Digital Ventures | 0.8 | 0.6 | 70,045 | -1.6 | BEARISH CROSSOVER |
| STO Santos | 8.25 | 0.6 | 3,420,267 | -2.2 | BEARISH CROSSOVER |
| PIC Perpetual Equity Investment | 1.04 | 0.5 | 484,134 | -0.1 | BEARISH CROSSOVER |
| HVN Harvey Norman | 4.19 | 0.5 | 3,332,182 | -0.1 | BEARISH CROSSOVER |