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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Code Company Date Close Change Indicator Value Signal

Trading Performance

Acceleration Bands



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 14.5 0.23% 0.28% 4.1% -3.8% -47.6%
SHORT 22 20.9 0.41% 0.69% 4.2% -3.9% -12.3%


Technical Analysis

Cardno (CDD.AX)



Last Signal:


Trading: BUY @ $0.85
Signal Strength: STRONG

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.

Cardno (ASX:CDD) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Acceleration bands serve as a trading envelope using an instrument’s typical volatility over a standard setting of 20 bars. The user may change the input (close) period length and multiplier factor.

Calculation: Acceleration Bands:
1) Upper band = ( High * ( 1 + 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
2) Lower band = ( Low * ( 1 – 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
3) Where Factor=0.001


Stock Exchange: ASX
Company: Cardno
Ticker Codes: | CDD.AX | ASX:CDD |

About Cardno (ASX:CDD):

Cardno Limited, a professional infrastructure and environmental services company, engages in the development and improvement of physical and social infrastructure for communities worldwide. The company offers technical and economic feasibility services; planning services, such as statutory planning, urban development, master planning and design, mapping and surveying, and transportation planning; environmental consulting services in natural systems assessment and management, environmental impact assessment and monitoring, agricultural development, climate change management, conservation, and rehabilitation; and engineering design services for various structures, spaces, and systems. It also provides software and technology solutions that aid planning and design for engineers and planners in various industries; project management services across the project lifecycle; construction materials testing and inspection services for building, infrastructure, and mining projects; and construction management services consisting of construction and contract administration, construction and demolition, construction supervision, and subsurface utility engineering. In addition, the company offers asset management, condition assessment, facilities management, infrastructure, and software implementation services; management consulting services to public and private clients to optimize their investment in physical, economic, and social infrastructure projects; and development assistance services to enhance infrastructure, economic, health, educational, and governance situations of developing nations. It serves the building, land, coastal and ocean, environment, international development, management services, energy and resources, transportation, water, and defense market sectors. The company was founded in 1945 and is headquartered in Fortitude Valley, Australia.

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Acceleration Bands

Company Close Change(%) Volume Value Signal
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AJX Alexium International 0.15 3.6 80,000 -7 BEARISH CROSSOVER
OCL Objective Corporation 3.4 2.7 1,300 -10 BEARISH CROSSOVER
BWX BWX 2.22 2.3 93,274 -1.76 BEARISH CROSSOVER
NCK Nick Scali 6.54 2.2 294,658 -3.21 BEARISH CROSSOVER
BLX Beacon Lighting 1.01 2 109,959 -0.92 BEARISH CROSSOVER
AVJ Av Jennings Homes 0.57 1.8 72,440 -2.57 BEARISH CROSSOVER
CWP Cedar Woods Properties 6.49 0.6 66,471 -0.07 BEARISH CROSSOVER
ABA Auswide Bank 5.51 0.5 12,163 -4.86 BEARISH CROSSOVER
SGP Stockland 4.44 0.2 8,403,850 -1.37 BEARISH CROSSOVER