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

Donchian Channels

Score

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 34 11.3 0.18% 0.21% 3.6% -1.3% -14.8%
SHORT 35 11.6 0.17% 0.21% 2.7% -1.2% -18.9%

Summary

Technical Analysis


The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/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:

Donchian Channels

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Company Close Change(%) Volume Value Signal
AJX Alexium International 0.13 8.7 796,462 -21.43 BEARISH
SMN Structural Monitoring Systems 0.76 7.8 422,370 -5.26 BEARISH
EDE Eden Energy 0.03 7.1 1,425,845 -30.95 BEARISH
ATL ASX 20 0.41 5.1 164,830 -37.88 BEARISH
DNA Donaco International 0.11 5 843,519 -10.44 BEARISH
TZN Terramin Australia 0.07 4.5 71,684 -24.19 BEARISH
PLS Pilbara Minerals 0.71 3.7 4,759,525 -27.14 BEARISH
AUB Austbrokers Holdings 10.69 3.2 190,235 -28.66 BEARISH
AGI Ainsworth Game Technology 0.72 2.9 26,545 -32.14 BEARISH
MYX Myx 0.53 2.9 4,954,679 -19.89 BEARISH