Liquefied Natural Gas

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

Basic Candlestick

Score

0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 94 3.7 0.44% 0.64% 3.7% -2.5% -11.5%
SHORT 95 6.0 0.52% 0.98% 5.7% -4.4% 58.8%

Summary

Technical Analysis

Liquefied Natural Gas (LNG.AX)


Indicator:

BLACK MARUBOZU


Last Signal:

BEARISH


Trading: SELL @ $0.245
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Liquefied Natural Gas (ASX:LNG) has formed a Black Marubozu candlestick. This means, LNG has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.



This candlestick represents extreme bearishness and is characterized by a long black body having no shadows on either end.

Calculation: Black Marubozu Candlestick:
1) The body of the candlestick is black and long;
2) There are no upper or lower shadows;


PROFILE: Liquefied Natural Gas (LNG.AX)


Stock Exchange: ASX
Company: Liquefied Natural Gas
Ticker Codes: | LNG.AX | ASX:LNG |

About Liquefied Natural Gas (ASX:LNG):

Liquefied Natural Gas Limited, together with its subsidiaries, engages in the identification and progression of opportunities for the development of liquefied natural gas (LNG) projects to facilitate the production and sale of LNG in Australia, Canada, and the United States. It operates through LNG Infrastructure, and Technology and Licensing segments. The company's projects include the Magnolia LNG project located in Lake Charles, Louisiana, the United States; the Bear Head LNG Project located in Point Tupper, Richmond County, Nova Scotia, Canada; and the Fisherman's Landing LNG project located in the Port of Gladstone, Queensland, Australia. Liquefied Natural Gas Limited is headquartered in Perth, Australia.

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