Macquarie Radio Network

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

-1.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 28 13.9 0.25% 0.32% 9.7% -3.9% -17.6%
SHORT 27 14.4 0.19% 0.23% 3.7% -3.6% -61.9%

Summary

Technical Analysis


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: Macquarie Radio Network (MRN.AX)


Stock Exchange: ASX
Company: Macquarie Radio Network
Ticker Codes: | MRN.AX | ASX:MRN |

About Macquarie Radio Network (ASX:MRN):

Macquarie Media Limited engages in the radio and associated media activities in Australia. The company owns and operates 2GB and talking lifestyle Sydney radio stations in Sydney; 3AW and talking lifestyle Melbourne radio stations in Melbourne; 4BC and talking lifestyle Brisbane radio stations in Brisbane; and 6PR radio station in Perth. The company also owns and operates radio 1278 and 3AW in Melbourne, radio 4BC and Magic 882 in Brisbane, and radio 2UE in Sydney, as well as Buyradio and Harbour radio stations. It also engages in syndicating programming content and music distribution operations, as well as the production of digital and online media through its Websites. The company is headquartered in Pyrmont, Australia. Macquarie Media Limited is a subsidiary of Fairfax Media Limited.

Top 10:

Donchian Channels

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Company Close Change(%) Volume Value Signal
PPS Praemium 0.41 9.3 3,235,337 50 BULLISH
NAN Nanosonics 4.93 6.7 1,283,636 48.27 BULLISH
DWS DWS 1.13 6.6 119,422 46.08 BULLISH
VGL Volante 5.8 6.4 1,417 50 BULLISH
IMD Imdex 1.1 5.8 2,149,957 43.55 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 50 BULLISH
SAR Saracen Mineral 3.66 5.5 4,153,957 44.74 BULLISH
PRU Perseus Mining 0.5 5.3 6,327,147 50 BULLISH
CIA Champion Iron 3.24 4.9 531,475 40.91 BULLISH
EVN Evolution Mining 4.13 4.8 11,519,500 42.19 BULLISH