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

Rate of Change

Score

-0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 10.9 0.34% 0.50% 1.9% -1.0% -1.0%
SHORT 33 13.0 0.36% 0.57% 1.8% -1.4% -8.8%

Summary

Technical Analysis

Amcor (AMC.AX)


Indicator:

RATE OF CHANGE


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $16.34
Signal Strength: MEDIUM
Recommendation:

Amcor (ASX:AMC) currently has positive rate of change of 2.253%. This means the current price is greater than the price 14 days ago and therefore gaining momentum.

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


Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.

Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100


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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Rate of Change

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Company Close Change(%) Volume Value Signal
PPS Praemium 0.36 9.1 3,792,112 2.86 BULLISH CROSSOVER
CKF Collins Foods 8.34 8 971,412 3.99 BULLISH CROSSOVER
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AQZ Alliance Aviation Services 2.62 2.3 134,230 3.56 BULLISH CROSSOVER
CDV Cardinal Resources 0.34 1.5 157,049 1.52 BULLISH CROSSOVER
CWN Crown 12.37 1.2 2,804,374 0.9 BULLISH CROSSOVER
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MVP Medical Developments 5.3 1 86,229 0.57 BULLISH CROSSOVER