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

Bollinger Bands

Score

-0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 34 10.7 0.24% 0.31% 2.8% -1.3% -10.6%
SHORT 35 12.3 0.20% 0.25% 2.7% -1.2% -14.5%

Summary

Technical Analysis


The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


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:

Bollinger Bands

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Company Close Change(%) Volume Value Signal
BKY Berkeley Resources 0.38 13.4 25,468 21.67 BULLISH CROSSOVER
GGG Greenland Minerals 0.14 12 2,427,802 34.04 BULLISH CROSSOVER
CKF Collins Foods 8.34 8 971,412 22.05 BULLISH CROSSOVER
SHJ Shine Corporate 0.7 7.7 1,466,832 40.51 BULLISH CROSSOVER
AYS Amaysim Australia 0.73 5 273,805 6.97 BULLISH CROSSOVER
SFR Sandfire Resources 6.55 4.3 2,699,730 13.46 BULLISH CROSSOVER
OPT Opthea 0.66 3.9 50,953 17.86 BULLISH CROSSOVER
MXI Maxitra Industries 0.3 3.4 71,009 29.51 BULLISH CROSSOVER
MSB Mesoblast 1.45 2.8 2,282,109 17.4 BULLISH CROSSOVER
VLW Villa World 2.26 2.7 307,244 2.21 BULLISH CROSSOVER