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

Strong Reversal

Score

-1.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 24.5 0.31% 0.44% 1.5% -2.1% -12.9%
SHORT 14 29.9 0.43% 0.67% 1.8% -3.2% -18.1%

Summary

Technical Analysis

Amcor (AMC.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $15.51
Signal Strength: STRONG
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Amcor (ASX:AMC) No strong reversal signals currently present. Previous signals for AMC include:


No Bullish Engulfing formations in the last 12 months


[BEARISH]: Amcor has formed a hangingman reversal pattern 132 days ago on the 08 Feb 2019. AMC has traded significantly high than the stocks opening price, which was followed by a short term rally closing in the lower shadow of the days trading range. This indicates that the market is trying to determine the top of the short term uptrend.


[BULLISH]: Amcor has formed a Bullish Engulfing reversal pattern 169 days ago on the 02 Jan 2019. This means, AMC has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.


No Bear Engulfing formations in the last 12 months.


[BEARISH]: Amcor has formed a bearish Dark Cloud Cover reversal pattern 29 days ago on the 22 May 2019. This means, AMC has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.


[BULLISH]: Amcor has formed a Bullish Piercing reversal pattern 2 days ago on the 18 Jun 2019. This means, AMC has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.


PROFILE: Amcor (AMC.AX)


Stock Exchange: ASX
Company: Amcor
Ticker Codes: | AMC.AX | ASX:AMC |

About Amcor (ASX:AMC):

Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.

Top 10:

Strong Reversal

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