What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade 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%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Average Directional Index

Score

-0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 5 99.8 0.80% 4.00% 22.2% -20.3% 68.6%
SHORT 5 38.4 0.00% 0.00% 0.0% -7.8% -39.1%

Summary

Technical Analysis

Xero (XRO.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

WEAK TREND


Trading: HOLD @ $83.95
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Xero (ASX:XRO) has confirmed a weak trend is presentXero has an ATR(14) of 1.886, a DX of 20.46 & an ADX(14) of 24.23



The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;


PROFILE: Xero (XRO.AX)


Stock Exchange: ASX
Company: Xero
Ticker Codes: | XRO.AX | ASX:XRO |

About Xero (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:

Average Directional Index

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Company Close Change(%) Volume Value Signal
BEE Broo 0.02 9.1 493,100 17.17 NEUTRAL
VOC Vocus Communications 3.2 8.1 5,453,355 23.44 NEUTRAL
MCP Mcphersons 2.85 6.7 777,047 17.16 NEUTRAL
IPD Impedimed 0.17 6.5 264,442 -13.35 NEUTRAL
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TGA Thorn 0.22 4.8 108,727 -18.74 NEUTRAL
BGA Bega Cheese 4.41 4.5 743,593 22.82 NEUTRAL
HVN Harvey Norman 4.42 4 4,591,659 13.62 NEUTRAL
FXL Flexigroup 1.96 4 1,602,121 19.56 NEUTRAL
RAP Resapp Health 0.27 3.9 1,420,314 -15.66 NEUTRAL