Blackmores Laboratories

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Open vs Close

Score

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 111 4.1 0.32% 0.47% 3.3% -2.1% -46.9%
SHORT 113 4.4 0.42% 0.71% 2.3% -1.7% -4.5%

Summary

Technical Analysis

Blackmores Laboratories (BKL.AX)


Indicator:

OPEN CLOSE CHANGE


Last Signal:

NEUTRAL


Trading: NO POSITION @ $82.29
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Blackmores Laboratories (ASX:BKL) opened in the middle part of daily range at 42.9% & closed in the middle part of the trading range at 46.4%. This suggests that neither side is committed. Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the middle price range giving a confirmation ratio of 7.7%.



The opening and closing bar positions can add depth to assess whether buyers of sellers commitment is changing and thus which side is in control at the close of the trading session.

Calculation: Open Today Versus Close Today (OTCT):
1) If the market opens near the low and closes near the high the buyers have had control during the entire day;
2) If the market opens near the high and closes near the low the sellers have had control during the entire day;
3) If the market opens near one extreme of the range and closes near the middle of the range the side who started in control has lost commitment;
4) If the market opens near one extreme and closes near the same extreme the side who started in control has lost control;
5) If the market opens near the middle of the range and closes near one extreme control has swung to the buyers;
6) If the close is near the high and if the close is near the low the control has swung to the sellers;
7) If the market opens near the middle of the range and closes similarly neither side is strongly committed;


PROFILE: Blackmores Laboratories (BKL.AX)


Stock Exchange: ASX
Company: Blackmores Laboratories
Ticker Codes: | BKL.AX | ASX:BKL |

About Blackmores Laboratories (ASX:BKL):

Blackmores Limited develops, sells, and markets natural health products for humans and animals in Australia, New Zealand, and Asia. It offers vitamins, minerals, herbal products, and nutritional supplements. The company also provides products for various conditions related to arthritis, joints, bones, and muscles; brain health; cold, flu, and immunity; digestive health; energy and exercise; kids health; everyday health; pets health; and eye health. In addition, the company provides products in the areas of heart and circulation; men's health; nails, hair, and skin; pregnancy and preconception; stress relief; weight management; and women's health, as well as probiotics, infant nutrition products, and fish and nutritional oils. Further, it offers naturopathic advisory services. The company offers its products through pharmacies, mass merchandisers, groceries, health food stores, and practitioners, as well as through online channel. Blackmores Limited was founded in 1930 and is headquartered in Warriewood, Australia.

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