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

Range Change



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 42 9.8 0.50% 0.95% 7.0% -3.2% 78.0%
SHORT 41 9.7 0.39% 0.59% 6.1% -3.7% -2.3%


Technical Analysis

The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;

PROFILE: Nanosonics (NAN.AX)

Stock Exchange: ASX
Company: Nanosonics
Ticker Codes: | NAN.AX | ASX:NAN |

About Nanosonics (ASX:NAN):

Nanosonics Limited, together with its subsidiaries, engages in the research, development, and commercialization of infection control and decontamination products and related technologies. The company manufactures and distributes the trophon EPR ultrasound probe disinfector and its associated consumables and accessories for use in the treatment of healthcare acquired infections. It also offers trophon consumables, such as Sonex/Nanonebulant, a proprietary disinfectant liquid with hydrogen peroxide chemistry; chemical indicators; and trophon printer rolls. The company also provides trophon accessories, including trophon connect, trophon Printer, trophon Logbook, trophon wall mount and trophon Cart, trophon printer wall mount, trophon printer cart mount, trophon curved probe positioner, and trophon clean ultrasound probe covers. It operates in North America, Europe, and the Asia Pacific. Nanosonics Limited was incorporated in 2000 and is headquartered in Lane Cove, Australia.

Top 10:

Range Change

Company Close Change(%) Volume Value Signal
MNS Milnes Holdings 0.23 4.5 400,019 0 NEUTRAL
EQT Equity Trustees 31.4 4.3 6,694 0 NEUTRAL
CLQ Clean Teq Holdings 0.38 4.1 1,546,857 0 NEUTRAL
IFM Infomedia 1.96 3.7 966,846 0 NEUTRAL
TLG Talga Gold 0.42 3.7 16,735 0 NEUTRAL
ISD Isentia 0.29 3.6 637,281 0 NEUTRAL
GWA GWA 3.56 3.5 1,686,112 0 NEUTRAL
CCV Cash Converters International 0.15 3.4 3,881,748 0 NEUTRAL
MCY Mighty River Power 4.58 3.4 944 0 NEUTRAL
BRN Brainchip Holdings 0.06 3.2 1,984,437 0 NEUTRAL