Trading indicator
Average True RangeTrade 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
Average True Range
Score
-0.75
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 6 | 96.3 | 0.67% | 2.00% | 19.6% | -7.5% | 63.6% |
| SHORT | 5 | 20.2 | 0.20% | 0.25% | 0.2% | -8.8% | -34.8% |
Summary
Technical Analysis
Xero has a TR of 1.46, and an ATR(14) of 2.009.
Average true range (ATR) is a technical analysis volatility indicator originally developed by J. Welles Wilder Jr. for commodities. The indicator does not provide an indication of price trend simply the degree of price volatility.
Calculation: Average True Range (ATR):
1) Current ATR = [(Prior ATR x 13) + Current TR] / 14;
2) Where TR = max[(high-low) abs(high-close previous) abs (low-close previous)]
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:
Average True Range
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| EMH European Metals Holdings | 0.32 | 10.3 | 59,298 | 0.02 | NEUTRAL |
| TRS Reject Shop | 4.22 | 6.8 | 435,254 | 0.13 | NEUTRAL |
| EVO Evolve Education | 0.17 | 6.5 | 1,740,571 | 0.02 | NEUTRAL |
| NSR National Storage | 2.19 | 6.3 | 5,567,282 | 0.03 | NEUTRAL |
| AVN Avon Resources | 3.02 | 6 | 469,910 | 0.06 | NEUTRAL |
| MSB Mesoblast | 3.07 | 5.5 | 4,497,569 | 0.07 | NEUTRAL |
| WEB Webjet | 14.38 | 5 | 1,073,792 | 0.01 | NEUTRAL |
| ONE Oneview Healthcare | 0.13 | 4.2 | 52,900 | 0.03 | NEUTRAL |
| CAJ Capitol Health | 0.25 | 4.2 | 422,800 | 0.01 | NEUTRAL |
| RBL Rib Loc | 1.05 | 4 | 628,044 | 0.06 | NEUTRAL |