Commonwealth Bank

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

Donchian Channels

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 14.0 0.31% 0.45% 2.7% -1.1% 1.9%
SHORT 29 12.8 0.41% 0.67% 1.2% -1.2% -8.1%

Summary

Technical Analysis

Commonwealth Bank (CBA.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BULLISH


Trading: HOLD @ $84.94
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Commonwealth Bank (ASX:CBA) is currently bullish highlighting the potential for a short term trend continuation in the upward direction.



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: Commonwealth Bank (CBA.AX)


Stock Exchange: ASX
Company: Commonwealth Bank
Ticker Codes: | CBA.AX | ASX:CBA |

About Commonwealth Bank (ASX:CBA):

Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. It offers retail, premium, business, and institutional banking; and funds management, superannuation, insurance, investment, and share-broking products and services. The company provides retail banking services, including home loans, credit cards, personal loans, transaction accounts, and demand and term deposits through its Commonwealth Bank and Bankwest brands; and commercial products, such as business loans, equipment and trade finance, and rural and agribusiness products to corporations, government entities, and other institutions. It also manages investment portfolios, including active and indexed investment options, which consist of Australian and international shares, listed property, fixed interest, credit, infrastructure, private equity, and cash for a range of retail and wholesale clients. In addition, the company provides a range of life insurance, superannuation, retirement income, and general insurance products. It serves its customers through branch, online, and mobile channels. Commonwealth Bank of Australia was founded in 1911 and is headquartered in Sydney, Australia.

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