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%

What indicators would you like to backtest?

Trading Performance

Bar Reversal

Score

-0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 10.1 0.45% 0.72% 1.6% -1.5% -8.3%
SHORT 38 10.2 0.42% 0.73% 1.8% -1.7% -9.2%

Summary

Technical Analysis

Amcor (AMC.AX)


Indicator:

GAP DOWN


Last Signal:

BULLISH


Trading: BUY @ $16.25
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Amcor (ASX:AMC) A short term Gap Down has formed with Amcor which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.



A gap is defined as an unfilled space or interval. On a technical analysis chart a gap represents an area where no trading takes place. On the Japanese candlestick chart a window is interpreted as a gap.

Calculation:
1) [High] <[Low Yesterday]


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:

Bar Reversal

Download
Company Close Change(%) Volume Value Signal
HFR Highfield Resources 0.74 7.3 38,107 1 BULLISH
MTO Moto Goldmines 1.34 4.7 78,748 1 BULLISH
PAC Pacsoft 4.8 4.1 25,306 1 BULLISH
DDR Dicker Data 5.16 4 280,998 1 BULLISH
RBL Rib Loc 1.05 4 106,026 1 BULLISH
ORA Orora 3.27 3.2 4,707,935 1 BULLISH
MCP Mcphersons 1.33 2.7 44,614 1 BULLISH
SLR Silver Lake Resources 0.81 2.5 3,269,556 1 BULLISH
HPI Hotel Property Investments 3.54 2 127,999 1 BULLISH
GBT Gbst Holdings 2.7 1.9 44,067 1 BULLISH