Karoon Gas Australia

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

Donchian Channels

Score

-0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 12.0 0.27% 0.35% 3.1% -2.5% -24.4%
SHORT 23 22.1 0.39% 0.64% 7.0% -4.2% 4.9%

Summary

Technical Analysis

Karoon Gas Australia (KAR.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BEARISH


Trading: SELL @ $0.88
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.


Karoon Gas Australia (ASX:KAR) 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: Karoon Gas Australia (KAR.AX)


Stock Exchange: ASX
Company: Karoon Gas Australia
Ticker Codes: | KAR.AX | ASX:KAR |

About Karoon Gas Australia (ASX:KAR):

Karoon Gas Australia Ltd operates as an oil and gas exploration company in Australia, Brazil, and Peru. It has a working interest in two off-shore permits in the Browse and Carnarvon basins located to the north Western Australian coastline covering a combined area of 15,492 square kilometers. The company also holds working interest in five offshore blocks in the Santos Basin located in the State of Santa Catarina covering an area of 549 square kilometers. In addition, the company has a working interest in an off-shore block in the Tumbes Basin located approximately to the north-west coast of Peru covering an area of 4,750 square kilometers. The company was incorporated in 2003 and is headquartered in Mount Martha, Australia.

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