Cleanaway Waste Management

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

Basic Candlestick

Score

-0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 53 7.1 0.51% 0.93% 2.5% -1.8% 14.9%
SHORT 54 8.4 0.33% 0.49% 2.2% -2.4% -48.4%

Summary

Technical Analysis

Cleanaway Waste Management (CWY.AX)


Indicator:

WHITE CANDLE


Last Signal:

BULLISH


Trading: BUY @ $2.47
Signal Strength: WEAK
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.


Cleanaway Waste Management (ASX:CWY) has formed a White candlestick. Normal buying pressure highlighting buyers were in control.



This candlestick implies normal buying pressure and shows that prices advanced during the day from open to close and the buyers were in control.

Calculation: White Candlestick Pattern:
1) The body of the candlestick is white with normal length;


PROFILE: Cleanaway Waste Management (CWY.AX)


Stock Exchange: ASX
Company: Cleanaway Waste Management
Ticker Codes: | CWY.AX | ASX:CWY |

About Cleanaway Waste Management (ASX:CWY):

Cleanaway Waste Management Limited provides waste management, recycling, and industrial services in Australia. The company operates through two segments, Solids and Liquids & Industrial Services. The Solids segment engages in the collection, treatment, recycle, and disposal of various types of solid waste streams, including general waste, recyclables, and construction and demolition waste, as well as the provision of medical and washroom services. It owns and manages waste transfer stations, resource recovery and recycling facilities, secure product destruction, quarantine treatment operations, and landfills, as well as participates in commodities trading of recovered paper, cardboards, metals, and plastics to the domestic and international marketplace. This segment also generates and sells electricity produced utilizing landfill gas. The Liquids & Industrial Services segment engages in the collection, treatment, processing, and recycling of liquid and hazardous waste, including industrial waste, grease trap waste, and oily waters, as well as used mineral and cooking oils in packaged and bulk forms for resale, disposal, and to produce fuel oils and base oils. This segment also provides services, such as industrial cleaning, vacuum tanker loading, site remediation, sludge management, parts washing, concrete remediation, CCTV, corrosion protection, and emergency response services. The company was formerly known as Transpacific Industries Group Ltd. and changed its name to Cleanaway Waste Management Limited in February 2016. Cleanaway Waste Management Limited is headquartered in Melbourne, Australia.

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