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

-1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 14.0 0.23% 0.29% 6.1% -2.3% -11.9%
SHORT 29 12.5 0.24% 0.30% 3.4% -2.4% -30.4%

Summary

Technical Analysis

Fiducian (FID.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BULLISH


Trading: HOLD @ $4.95
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) is currently bullish highlighting the potential for a short term trend continuation in the upward 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: 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.

Top 10:

Donchian Channels

Download
Company Close Change(%) Volume Value Signal
ISX Isignthis 0.6 8.2 4,830,133 43.1 BULLISH
EML Emerchants 2.55 6.3 2,216,677 48.43 BULLISH
ADH Adairs 2.06 5.6 1,149,442 45.35 BULLISH
MTO Moto Goldmines 1.34 4.7 78,748 16.67 BULLISH
DFM Dongfang Modern Agriculture 0.88 4.1 241,557 39.29 BULLISH
DDR Dicker Data 5.16 4 280,998 15.16 BULLISH
RMS Ramelius Resources 0.86 3.6 2,311,783 37.1 BULLISH
BLX Beacon Lighting 1.2 3.4 140,762 34 BULLISH
ORA Orora 3.27 3.2 4,707,935 50 BULLISH
CCV Cash Converters International 0.17 3 378,531 50 BULLISH