Freelancer

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Donchian Channels

Score

-0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 12.9 0.26% 0.35% 16.1% -4.3% 26.2%
SHORT 28 15.5 0.25% 0.29% 8.5% -4.6% -49.5%

Summary

Technical Analysis

Freelancer (FLN.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BEARISH


Trading: SELL @ $0.395
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.


Freelancer (ASX:FLN) 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: 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:

Donchian Channels

Download
Company Close Change(%) Volume Value Signal
ATL ASX 20 0.34 28.3 690,133 -37.5 BEARISH
GNG GR Engineering Services 0.93 10.7 11,298 -46.55 BEARISH
ISU Iselect 0.4 8.2 22,973 -10 BEARISH
PNR Pacific Niugini Minerals 0.1 4.4 3,331,845 -27.53 BEARISH
GTN GTN Resources 0.86 4.3 3,211 -21.23 BEARISH
BFC Beston Global Food 0.08 3.9 114,832 -33.33 BEARISH
CDD Cardno 0.42 3.7 208,548 -30.95 BEARISH
GAP Gale Pacific 0.16 3.2 113,860 -50 BEARISH
EWC Energy World Corporation 0.08 2.6 91,205 -25 BEARISH
MYS Mystate 6.1 2.3 453,029 -45.83 BEARISH