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

Bollinger Bands

Score

0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 33 12.1 0.24% 0.30% 7.9% -1.5% 21.1%
SHORT 33 11.9 0.24% 0.31% 5.3% -2.0% -9.4%

Summary

Technical Analysis

Fiducian (FID.AX)


Indicator:

BOLLINGER BANDS


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $5.3
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.


Fiducian (ASX:FID) has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 108.58% with a current width of 10.59.



The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


PROFILE: Fiducian (FID.AX)


Stock Exchange: ASX
Company: Fiducian
Ticker Codes: | FID.AX | ASX:FID |

About Fiducian (ASX:FID):

Fiducian Group Limited, through its subsidiaries, operates as a financial services company in Australia. The company offers funds management and investment services, including wrap platforms and client portfolio administration; wealth management and financial planning services; information technology solutions for financial planners and their clients; and accounting and accountancy resourcing services. It also manages various investment funds, such as Fiducian, Fiducian diversified, Fiducian sector, and Fiducian specialist funds. In addition, the company offers portfolio services, including portfolio administration, superannuation, investment, technical, and dealer services; systems and software solutions comprising FORCe, an integrated dealer and financial planning software platform; and financial advisory services. Further, it provides support services to accountants for bookkeeping, accounts preparation, and self-managed superannuation fund administration. Fiducian Group Limited was founded in 1996 and is headquartered in Sydney, Australia.

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Bollinger Bands

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