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1240 Swing Trading Score

3

24

15

Weakening Action
  • AI analysis rates 1240 with  a lower swing trading score of 2.
  • It is mainly due to  the negative AI swing signal.
  • Furthermore, based on the current swing trading score, the probability of future bullish swings occurring or continuing appears to be low.

1240 Historical Swing Trading Score

You can use historical scores of 3 or above to observe potential performance and make investment decisions.

1240 Swing Trading Strategy Backtest

The following backtest is based on specified rules since 2007. Price chart shows buy/sell time, cumulative returns, and backtesting statistics.

Entry
Exit

The Backtest Result of 1240 from 2018/08 till Now

32.53%
Cumulative Return
5.25%
Annual Return
21.31%
Volatility
0.25
Sharpe Ratio

Statistics data for entering at or above a Swing Trading score of 4 and exiting at or below a Swing Trading score of 2 from August, 2018 to April, 2024. (Total Trades: 36)

1240SectorTW Overall Market
Wining Rate53%49%44%
Avg Return1%1.5%1.1%
Avg Profit4.8%8.3%9%
Avg Loss-3.8%-5.3%-5.6%
Avg Risk-Reward Ratio125.1%155.5%162.2%

Update to 2024/4/23 (Daily Update)

Top 10 High Relevance to 1240 Swing Trading Score