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

Moving Average Envelope



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 11.6 0.11% 0.13% 5.2% -2.8% -52.7%
SHORT 28 15.6 0.32% 0.39% 3.6% -2.7% -29.0%


Technical Analysis

Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.

Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);


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:

Moving Average Envelope

Company Close Change(%) Volume Value Signal
VCX Vicinity Centres 2.58 -0.4 6,688,108 -3.86 BEARISH CROSSOVER
PIC Perpetual Equity Investment 1 -0.5 820,152 -5 BEARISH CROSSOVER
GDF Garda Diversified Property Fund 1.42 -0.7 143,840 -3.52 BEARISH CROSSOVER
SKC Sky City Entertainment 3.57 -0.8 245,930 -8.33 BEARISH CROSSOVER
MLD Maca 0.98 -1 481,278 -10.1 BEARISH CROSSOVER
ENN Elanor Investors 1.83 -1.1 58,686 -10.81 BEARISH CROSSOVER
SUN Suncorp-Metway 13.37 -1.1 2,238,201 -2.24 BEARISH CROSSOVER
ZIM Zimbabwe Platinum Mines 8.4 -1.2 1,317 -5.92 BEARISH CROSSOVER
ARB Arb Corporation 18.25 -1.2 103,556 -6.53 BEARISH CROSSOVER
QVE QV Equities 1.04 -1.4 373,488 -14.29 BEARISH CROSSOVER