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

Close Change

Score

0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 128 3.9 0.44% 0.77% 2.7% -1.2% 64.0%
SHORT 130 3.7 0.31% 0.44% 2.5% -1.5% -37.6%

Summary

Technical Analysis

Xero (XRO.AX)


Indicator:

PRICE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $81.28
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Xero (ASX:XRO) sellers are keener than buyers and are driving the price down. This is the first day of price decline for XRO adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.4 & the greatest daily negative change this year has been -6.0. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -6%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -3.2%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.5x. Over the last month the average daily downward movement has been -0.800000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


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:

Close Change

Download
Company Close Change(%) Volume Value Signal
SUL Super Cheap Auto 9.99 -0.1 270,335 -1 BEARISH CROSSOVER
WES Wesfarmers 42.37 -0.1 2,721,969 -1 BEARISH CROSSOVER
WPL Woodside Petroleum 34.51 -0.1 3,109,135 -1 BEARISH CROSSOVER
XNJ ASX 200 Industrials 7226.2 -0.2 0 -1 BEARISH CROSSOVER
XSO ASX Small Ordinaries 2915.9 -0.2 0 -1 BEARISH CROSSOVER
ANN Ansell 29.66 -0.2 440,410 -1 BEARISH CROSSOVER
CTD Corporate Travel Management 20.67 -0.2 441,154 -1 BEARISH CROSSOVER
JBH Jb Hi-Fi 37.41 -0.2 208,900 -1 BEARISH CROSSOVER
LLC Lend Lease Corporation 19.31 -0.2 1,373,294 -1 BEARISH CROSSOVER
PNI Pinnacle Investment Management 4.96 -0.2 244,176 -1 BEARISH CROSSOVER