My Net Fone

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

-0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 14.3 0.30% 0.42% 5.8% -2.8% -5.8%
SHORT 27 15.3 0.19% 0.23% 11.3% -3.2% -13.4%

Summary

Technical Analysis

My Net Fone (MNF.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BEARISH


Trading: SELL @ $3.81
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.


My Net Fone (ASX:MNF) 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: My Net Fone (MNF.AX)


Stock Exchange: ASX
Company: My Net Fone
Ticker Codes: | MNF.AX | ASX:MNF |

About My Net Fone (ASX:MNF):

MNF Group Limited provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers in Australia and internationally. It operates through three segments: Australian Domestic Retail; Australia/New Zealand Domestic Wholesale; and Global Wholesale. The company's products include MyNetFone that provides voice and Internet services; Symbio Networks, which offers IP voice carriage services and software through in-country voice infrastructure and platforms; Connexus corporate connectivity and cloud services; and CallStream that provides inbound business phone numbers. The company's products also iBoss, a software-as-a-service platform, which enables anyone to start and scale their own telecommunications business; TollShield, a real-time toll fraud mitigation software for networks and carriers; Pennytel, a VoIP home phone and ADSL Internet service provider; The Buzz, a money-saving budget home phone for PSTN customers; and OpenCA Softswitch delivers converged voice, data, and multi-media services for carriers and enterprises. It is also involved in the sale of audio conferencing and collaboration services to business customers; and the provision of hardware, equipment, and consulting services to support its products. The company was formerly known as My Net Fone Limited and changed its name to MNF Group Limited in October 2015. The company was founded in 2004 and is headquartered in Sydney, Australia.

Top 10:

Donchian Channels

Download
Company Close Change(%) Volume Value Signal
AJX Alexium International 0.13 8.7 796,462 -21.43 BEARISH
SMN Structural Monitoring Systems 0.76 7.8 422,370 -5.26 BEARISH
EDE Eden Energy 0.03 7.1 1,425,845 -30.95 BEARISH
ATL ASX 20 0.41 5.1 164,830 -37.88 BEARISH
DNA Donaco International 0.11 5 843,519 -10.44 BEARISH
TZN Terramin Australia 0.07 4.5 71,684 -24.19 BEARISH
PLS Pilbara Minerals 0.71 3.7 4,759,525 -27.14 BEARISH
AUB Austbrokers Holdings 10.69 3.2 190,235 -28.66 BEARISH
AGI Ainsworth Game Technology 0.72 2.9 26,545 -32.14 BEARISH
MYX Myx 0.53 2.9 4,954,679 -19.89 BEARISH