Eden Energy

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

0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 16 10.6 0.13% 0.13% 24.0% -6.9% -55.5%
SHORT 16 37.1 0.44% 0.78% 33.9% -12.7% 122.7%

Summary

Technical Analysis

Eden Energy (EDE.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BEARISH


Trading: SELL @ $0.027
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.


Eden Energy (ASX:EDE) 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: Eden Energy (EDE.AX)


Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | ASX:EDE |

About Eden Energy (ASX:EDE):

Eden Innovations Ltd. provides various clean technology solutions. The company offers EdenCrete, a carbon nanotube enriched admixture for concrete; and OptiBlend, a retrofit dual fuel kit for diesel generator sets. It also provides Pyrolysis, a technology to produce carbon nanotube, and carbon nanofibre and hydrogen; Hythane, a blend of hydrogen and natural gas; and EdenPlast, a CNT enriched polymers and plastics. The company was formerly known as Eden Energy Ltd. and changed its name to Eden Innovations Ltd. in November 2016. Eden Innovations Ltd. was incorporated in 2004 and is based in Perth, Australia.

Top 10:

Donchian Channels

Download
Company Close Change(%) Volume Value Signal
ADH Adairs 1.48 18.4 5,926,270 -24.3 BEARISH
TLG Talga Gold 0.49 6.6 113,070 -26.47 BEARISH
DNA Donaco International 0.11 4.8 2,736,673 -13.29 BEARISH
PAC Pacsoft 4.42 4.5 113,651 -21.64 BEARISH
TRS Reject Shop 2.02 3.6 55,060 -6.25 BEARISH
SGF SG Fleet 2.92 3.5 163,398 -18.89 BEARISH
GTN GTN Resources 1.08 3.3 24,258 -16.1 BEARISH
GEM G8 Education 2.95 2.8 2,470,719 -15 BEARISH
SMX Sms Management & Technology 0.37 2.8 268,186 -16.67 BEARISH
PPC Peet & Company 1.15 2.7 56,115 -20.37 BEARISH