Zeolite Australia

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%

What indicators would you like to backtest?

Trading Performance

Cole's Reaction Day

Score

0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 30.9 0.60% 1.33% 2.1% -2.7% 0.4%
SHORT 20 7.2 0.55% 1.10% 2.8% -0.8% 22.3%

Summary

Technical Analysis

Zeolite Australia (ZEL.AX)


Indicator:

COLES RALLY/REACTION DAY


Last Signal:

NEUTRAL


Trading: HOLD @ $5.83
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Zeolite Australia (ASX:ZEL)


Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.

Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday


PROFILE: Zeolite Australia (ZEL.AX)


Stock Exchange: ASX
Company: Zeolite Australia
Ticker Codes: | ZEL.AX | ASX:ZEL |

About Zeolite Australia (ASX:ZEL):

Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 157 truck stops; 7 electric vehicle charging stations; and pipelines, terminals, and fuel storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.

Top 10:

Cole's Reaction Day

Download
Company Close Change(%) Volume Value Signal
AJX Alexium International 0.13 13 328,122 1 BULLISH
EWC Energy World Corporation 0.08 10.8 945,847 1 BULLISH
BOC Bougainville Copper 0.11 10 84,981 1 BULLISH
CLQ Clean Teq Holdings 0.32 6.7 1,263,824 1 BULLISH
GNG GR Engineering Services 0.85 5.6 43,068 1 BULLISH
BSA Broadcast Services Australia 0.3 5.3 140,508 1 BULLISH
MAH Macmahon 0.21 5.1 1,402,377 1 BULLISH
MEZ Meridian Energy 4.41 5 29,189 1 BULLISH
PGH Pact 2.38 4.8 1,550,238 1 BULLISH
REG Rg Capital Radio 2.71 4.2 646,566 1 BULLISH