Freelancer

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

Open vs Close

Score

-0.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 98 4.1 0.42% 0.61% 3.8% -2.9% -39.7%
SHORT 99 5.2 0.36% 0.53% 4.9% -3.1% -38.6%

Summary

Technical Analysis

Freelancer (FLN.AX)


Indicator:

OPEN CLOSE CHANGE


Last Signal:

BULLISH


Trading: BUY @ $0.82
Signal Strength: MEDIUM
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Freelancer (ASX:FLN) opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 8.3%.



The opening and closing bar positions can add depth to assess whether buyers of sellers commitment is changing and thus which side is in control at the close of the trading session.

Calculation: Open Today Versus Close Today (OTCT):
1) If the market opens near the low and closes near the high the buyers have had control during the entire day;
2) If the market opens near the high and closes near the low the sellers have had control during the entire day;
3) If the market opens near one extreme of the range and closes near the middle of the range the side who started in control has lost commitment;
4) If the market opens near one extreme and closes near the same extreme the side who started in control has lost control;
5) If the market opens near the middle of the range and closes near one extreme control has swung to the buyers;
6) If the close is near the high and if the close is near the low the control has swung to the sellers;
7) If the market opens near the middle of the range and closes similarly neither side is strongly committed;


PROFILE: Freelancer (FLN.AX)


Stock Exchange: ASX
Company: Freelancer
Ticker Codes: | FLN.AX | ASX:FLN |

About Freelancer (ASX:FLN):

Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. It operates through two segments, Online Marketplace and Online Payment Services. The company, through its marketplace, hires freelancers to do work in areas, such as software development, writing, data entry and design, engineering, sciences, sales and marketing, and accounting and legal services. It connects employers and freelancers from approximately 247 countries, regions, and territories. The company also provides escrow payment services. Freelancer Limited was founded in 2009 and is based in Sydney, Australia.

Top 10:

Open vs Close

Download
Company Close Change(%) Volume Value Signal
AJX Alexium International 0.13 13 328,122 1 BULLISH
EWC Energy World Corporation 0.08 10.8 945,847 1 BULLISH
BOC Bougainville Copper 0.11 10 84,981 0 BULLISH
PNV Polynovo 1.4 9.8 3,261,201 1 BULLISH
MGX Mount Gibson Iron 1.06 9.3 5,320,324 1 BULLISH
CAJ Capitol Health 0.22 7.3 466,982 0 BULLISH
MNF My Net Fone 3.73 7.2 55,752 1 BULLISH
BSL Bluescope Steel 11.73 6.5 4,817,859 1 BULLISH
COE Cooper Energy 0.56 5.7 2,753,925 1 BULLISH
NAN Nanosonics 5.6 5.7 3,678,008 0 BULLISH