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%

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Trading Performance

Moving Average Envelope

Score

-0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 31 15.9 0.35% 0.55% 14.2% -3.2% 92.9%
SHORT 30 8.7 0.13% 0.15% 4.6% -3.0% -59.1%

Summary

Technical Analysis

Altium (ALU.AX)


Indicator:

ENVELOPE BAND


Last Signal:

NEUTRAL


Trading: CLOSE LONG @ $33.93
Signal Strength: MEDIUM
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Altium (ASX:ALU) current trading has closed out Envelope Bands to overbought status and signalled the initiation of short trading conditions. Currently, the Upper Band is 33.9465.



Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.

Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);


PROFILE: Altium (ALU.AX)


Stock Exchange: ASX
Company: Altium
Ticker Codes: | ALU.AX | ASX:ALU |

About Altium (ASX:ALU):

Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. It operates through three segments: Board and Systems, Micro-¡controllers and Embedded Systems, and Makers and Content. The company offers various printed circuit board (PCB) products, including Altium Designer, which consists various tools required to produce a PCB from concept to manufacturing; CircuitStudio, a professional PCB design tool; and CircuitMaker, a streamlined PCB design tool custom built for makers, hobbyists, and DIYers community, as well as embedded products, such as TASKING tools for embedded software development. It also provides data management products comprising Altium Vault, a design data management tool; Ciiva, which transforms intent into realizable design; and Octopart that provides access to supply chain and component data, as well as product extension applications. In addition, it offers integration services, such as AgileXPLORER to search and navigate the product data in Oracle/Agile?PLM; and EDAConnect, which is a direct link between Altium Environment and Enterprise PLM, as well as training services. The company serves automotive, military/aerospace, communications, contract engineering, education, consumer electronics, industrial systems, entertainment, and bioscience and medical industries. Altium Limited was founded in 1985 and is headquartered in La Jolla, California.

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Moving Average Envelope

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