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

MACD Volume

Score

1.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 47 8.1 0.60% 1.40% 1.4% -1.1% 15.2%
SHORT 48 8.7 0.54% 1.13% 1.8% -1.2% 19.2%

Summary

Technical Analysis

Amcor (AMC.AX)


Indicator:

VOLUME MACD


Last Signal:

BEARISH


Trading: SELL @ $16.44
Signal Strength: MEDIUM
Recommendation:

Amcor (ASX:AMC) currently has negative Volume MACD of -329169. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Volume Moving Average Convergence/Divergence (VMACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation: Moving Average Convergence Divergence Volume (VMACD):
1) VMACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of VMACD Line;
3) VMACD Histogram: VMACD Line - Signal Line;


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.

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MACD Volume

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Company Close Change(%) Volume Value Signal
ISD Isentia 0.26 8.5 1,063,718 -5,898 BEARISH
EOS Electro Optic Systems Holdings 3.31 7.1 200,801 -11,700 BEARISH
PLS Pilbara Minerals 0.84 7.1 14,160,985 -371,124 BEARISH
CCV Cash Converters International 0.16 6.7 1,215,613 -13,006 BEARISH
CSV CSG 0.17 6.3 176,879 -111,126 BEARISH
GXY Galaxy Resources 1.79 6.2 4,771,486 -203,772 BEARISH
GRR Grange Resources 0.28 5.8 2,503,451 -89,868 BEARISH
CAT Catuity 1.37 5 307,114 -18,658 BEARISH
GCY Gascoyne Resources 0.04 5 3,915,995 -420,858 BEARISH
API Australian Pharmaceutical 1.32 4.3 1,686,181 -173,935 BEARISH