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?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Strong Reversal

Score

1.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 6 43.5 1.00% % 8.5% % 51.1%
SHORT 6 72.8 0.67% 2.00% 4.2% -13.3% -9.6%

Summary

Technical Analysis

Codan (CDA.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $4.26
Signal Strength: STRONG
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Codan (ASX:CDA) No strong reversal signals currently present. Previous signals for CDA include:


No Bullish Engulfing formations in the last 12 months


No Bullish Engulfing formations in the last 12 months.


No Bullish Engulfing formations in the last 12 months.


No Bear Engulfing formations in the last 12 months.


[BEARISH]: Codan has formed a bearish Dark Cloud Cover reversal pattern 56 days ago on the 21 Jun 2019. This means, CDA has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.


[BULLISH]: Codan has formed a Bullish Piercing reversal pattern 10 days ago on the 06 Aug 2019. This means, CDA has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.


PROFILE: Codan (CDA.AX)


Stock Exchange: ASX
Company: Codan
Ticker Codes: | CDA.AX | ASX:CDA |

About Codan (ASX:CDA):

Codan Limited develops rugged and electronics solutions for government, corporate, NGO, and consumer markets in Australia. The company operates through three segments: Communications Equipment, Metal Detection, and Tracking Solutions. It designs and manufactures communications equipment for high frequency and land mobile radio applications. The company also provides recreational products, gold detectors, and detecting and clearing improvised explosive devices; and tracking, productivity, and safety solutions for underground hard-rock mines, as well as associated software for the mining sector. In addition, it provides design and product development, manufacturing, and support services to the Australian defense industry. The company also exports its products to approximately 150 countries. Codan Limited was founded in 1959 and is headquartered in Mawson Lakes, Australia.

Top 10:

Strong Reversal

Download
Company Close Change(%) Volume Value Signal
CCP Credit Corp 27.27 13.3 452,171 0 NEUTRAL
AFL ASX 50 0.2 11.1 4,347 0 NEUTRAL
BBN Baby Bunting 2.7 11.1 2,595,338 0 NEUTRAL
ATL ASX 20 0.43 10.4 117,204 0 NEUTRAL
BSA Broadcast Services Australia 0.34 7.9 824,051 0 NEUTRAL
SUL Super Cheap Auto 9.75 7.9 2,023,965 0 NEUTRAL
SWM Seven West Media 0.4 6.7 22,528,171 0 NEUTRAL
SGR The Star Entertainment 3.79 5.9 14,342,914 0 NEUTRAL
EWC Energy World Corporation 0.07 5.8 402,315 0 NEUTRAL
NBL Noni B 2.58 5.3 52,656 0 NEUTRAL