SUMMARY:
Depending on what Candle type you use, anybody that invested in $FRHC on or before November 12th should hold off on selling then wait at least 5 days for uptrend continuation.
SYNOPSIS:
Backtesting of this stock with a tight ATR(5:1) using a Heikin Ashu has a 75% accuracy rate with an average trads profit of 13.58%/signal shows that the current ATR sits at 32.21 and hasn't trigger a sell signal yet. Using a normal candlestick, accuracy increases to 80% but average profit drops to 8.73%
So in my option after using technicals extremely careful and only on charts that can produce highly accurate and profitable backtest based off recent to present day charts, it might be time to consider setting a Sell Stop at either 32.21 or 34.49.
FOR REFERENCE...
Current Buy Signal: 11/04/2020 - Present
365 Day Backtest from 11/26/2029 - PRESENT
Sharpie Ratio: 0.857 - 0.895
Win/Loss Ratio: 4.15 - 6.199
Average Win Profit: 8.73 - 13.58%
Max Drawdown: -2.1 to -2.19%
NOTE: Results likely only accurate due to FRHC's consistent uptrend a low volatility. Testing the same ATR from the day it started moving upwards to Present Day still shows between 68-78% accuracy depending on the candlestick.
Depending on what Candle type you use, anybody that invested in $FRHC on or before November 12th should hold off on selling then wait at least 5 days for uptrend continuation.
SYNOPSIS:
Backtesting of this stock with a tight ATR(5:1) using a Heikin Ashu has a 75% accuracy rate with an average trads profit of 13.58%/signal shows that the current ATR sits at 32.21 and hasn't trigger a sell signal yet. Using a normal candlestick, accuracy increases to 80% but average profit drops to 8.73%
So in my option after using technicals extremely careful and only on charts that can produce highly accurate and profitable backtest based off recent to present day charts, it might be time to consider setting a Sell Stop at either 32.21 or 34.49.
FOR REFERENCE...
Current Buy Signal: 11/04/2020 - Present
365 Day Backtest from 11/26/2029 - PRESENT
Sharpie Ratio: 0.857 - 0.895
Win/Loss Ratio: 4.15 - 6.199
Average Win Profit: 8.73 - 13.58%
Max Drawdown: -2.1 to -2.19%
NOTE: Results likely only accurate due to FRHC's consistent uptrend a low volatility. Testing the same ATR from the day it started moving upwards to Present Day still shows between 68-78% accuracy depending on the candlestick.