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?

Trading Performance

Donchian Channels

Score

-2.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 31 12.6 0.19% 0.24% 4.1% -3.3% -58.1%
SHORT 32 12.0 0.28% 0.39% 4.4% -3.2% -34.9%

Summary

Technical Analysis

Cardno (CDD.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BEARISH


Trading: SELL @ $0.9
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.


Cardno (ASX:CDD) is currently bearish highlighting the potential for a short term trend continuation in the downward 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: Cardno (CDD.AX)


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.

Top 10:

Donchian Channels

Download
Company Close Change(%) Volume Value Signal
DNA Donaco International 0.12 9.1 3,465,966 -0.63 BEARISH
BFC Beston Global Food 0.11 5 372,431 -33.33 BEARISH
NMT Neometals 0.22 4.9 479,038 -21.43 BEARISH
DNK Danakali 0.71 4.4 160,675 -16.67 BEARISH
SHM Shriro 0.59 3.5 63,231 -12.5 BEARISH
NZK New Zealand King Salmon Investments 2.05 3.3 25,970 -22.73 BEARISH
SYR Syrah Resources 0.86 3 7,057,555 -40.52 BEARISH
VAH Virgin Australia Holdings 0.17 3 676,369 -16.67 BEARISH
RKN Reckon 0.57 2.7 12,681 -15.63 BEARISH
RCT Reef Casino 2.48 2.5 8,450 -33.33 BEARISH