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 | 100.0 | 0.67% | 2.00% | 23.8% | -7.5% | 80.3% |
| SHORT | 5 | 20.2 | 0.20% | 0.25% | 0.2% | -8.8% | -34.8% |
Summary
Technical Analysis
Xero has a TR of 1.69, and an ATR(14) of 1.887.
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 |
|---|---|---|---|---|---|
| OCL Objective Corporation | 6.49 | 10 | 35,078 | 0.22 | NEUTRAL |
| AFL ASX 50 | 0.18 | 9.4 | 520,350 | 0.01 | NEUTRAL |
| RCT Reef Casino | 2.62 | 6.9 | 38,587 | 0.05 | NEUTRAL |
| LNG Liquefied Natural Gas | 0.21 | 5.1 | 2,729,105 | 0.01 | NEUTRAL |
| EDE Eden Energy | 0.05 | 4.7 | 122,280 | 0.01 | NEUTRAL |
| TBR Tribune Resources | 6.24 | 4.2 | 96,157 | 0.35 | NEUTRAL |
| CAR Carsales | 16.74 | 4 | 912,376 | 0.4 | NEUTRAL |
| GGG Greenland Minerals | 0.13 | 4 | 2,348,815 | 0.01 | NEUTRAL |
| BPT Beach Petroleum | 2.49 | 3.8 | 6,575,446 | 0.08 | NEUTRAL |
| GTN GTN Resources | 0.7 | 3.7 | 7,121 | 0.02 | NEUTRAL |