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

Donchian Channels

Score

0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 17.1 0.20% 0.25% 32.9% -5.6% 42.2%
SHORT 20 23.1 0.45% 0.75% 20.5% -4.6% 129.3%

Summary

Technical Analysis

CSG (CSV.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BEARISH


Trading: SELL @ $0.17
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.


CSG (ASX:CSV) 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: CSG (CSV.AX)


Stock Exchange: ASX
Company: CSG
Ticker Codes: | CSV.AX | ASX:CSV |

About CSG (ASX:CSV):

CSG Limited, together with its subsidiaries, provides print and business technology solutions in Australia and New Zealand. It operates through Business Solutions, Finance Solutions, and Other segments. The company supplies office printers and photocopiers, large format displays, monitors, and mobile devices. It also provides managed service based print and technology solutions, as well as leases and rents products for business technology assets. In addition, the company offers print solutions, including service and maintenance, and managed print, as well as track, control, and management solutions; and cloud solutions, such as cloud telephony, video conferencing, Boardroom as a Service, CSG total office, and mobile security solutions, as well as infrastructure, server, and storage solutions. Further, it provides managed IT solutions comprising managed devices, security, telephony and contact center, networks and infrastructure, and print services; strategic ICT planning and project services; and maintenance, user support, and service desk services. Additionally, the company offers display solutions that include interactive whiteboards, smart signage's, virtualization and cloud displays, monitors, and display solution support services; and smart phones and tablets. It serves corporate, commercial, education, and government customers, as well as small-to-medium enterprises. The company was founded in 1988 and is based in Melbourne, Australia.

Top 10:

Donchian Channels

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Company Close Change(%) Volume Value Signal
EVO Evolve Education 0.14 16.7 7,630,518 -19.23 BEARISH
DNA Donaco International 0.08 8.7 2,085,383 -4.55 BEARISH
SWM Seven West Media 0.53 6 4,363,523 -4.17 BEARISH
CGL The Citadel 4.33 5.1 176,486 -42.83 BEARISH
GCY Gascoyne Resources 0.04 5 3,915,995 -7.14 BEARISH
API Australian Pharmaceutical 1.32 4.3 1,686,181 -22.34 BEARISH
CDV Cardinal Resources 0.38 4.1 86,761 -10 BEARISH
DCN Dacian Gold 1.68 3.7 1,978,930 -38.5 BEARISH
MYX Myx 0.59 3.5 7,807,445 -31.58 BEARISH
MSB Mesoblast 1.52 3.1 629,129 -18.42 BEARISH