Argo Investments

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

1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 9 44.0 0.56% 1.25% 2.8% -0.8% 10.9%
SHORT 8 42.8 0.38% 0.60% 3.5% -0.7% 6.8%

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: Argo Investments (ARG.AX)


Stock Exchange: ASX
Company: Argo Investments
Ticker Codes: | ARG.AX | ASX:ARG |

About Argo Investments (ASX:ARG):

Argo Investments Limited is a publicly owned investment manager. The firm manages separate client focused equity portfolios for its clients. It invests in public equity markets of Australia. The firm employs a qualitative analysis with bottom-up stock picking approach to create its portfolio. It conducts in-house analysis to make its investments. Argo Investments Limited was founded in 1946 and is based in Adelaide, Australia with an additional office in Sydney, Australia.

Top 10:

Bollinger Bands

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Company Close Change(%) Volume Value Signal
RSG Resolute Mining 1.74 7.1 9,161,059 43.18 BULLISH
PRU Perseus Mining 0.71 6.8 12,414,565 33.32 BULLISH
MLX Metals X 0.25 6.4 2,769,031 45.1 BULLISH
NST Northern Star Resources 13.47 6 4,840,454 0.21 BULLISH
OMH OM Holdings 0.86 5.5 28,581 31.76 BULLISH
SBM St Barbara Mines 3.55 5.3 5,019,351 21.47 BULLISH
AGG Anglogold Ashanti 5.56 5.1 467,306 58.64 BULLISH
RRL Regis Resources 6.38 4.9 5,376,386 24.68 BULLISH
ABC Adelaide Brighton 4.35 4.3 2,365,140 24.07 BULLISH
DNA Donaco International 0.12 4.3 834,535 1.08 BULLISH