Commonwealth Bank

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

Stochastic Oscillator

Score

-1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 42 9.0 0.26% 0.35% 2.6% -1.5% -16.3%
SHORT 42 10.5 0.31% 0.45% 2.4% -1.5% -12.2%

Summary

Technical Analysis

Commonwealth Bank (CBA.AX)


Indicator:

STOCHASTIC OSCILLATOR


Last Signal:

BULLISH


Trading: BUY @ $82.89
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 Oversold highlighting the potential for a short term trend reversal in the upward direction.



In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.

Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;


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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