National Storage

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

Close vs Range

Score

-0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 76 6.6 0.41% 0.60% 1.4% -0.9% -2.3%
SHORT 75 5.0 0.33% 0.44% 1.2% -0.9% -22.4%

Summary

Technical Analysis

National Storage (NSR.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $1.76
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


National Storage (ASX:NSR)buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for National Storage adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.2%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 60%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 3 days in the lower range giving a ratio of 1x.



Where the closing price fall within the day’s trading range highlights whether are in control.

[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;


PROFILE: National Storage (NSR.AX)


Stock Exchange: ASX
Company: National Storage
Ticker Codes: | NSR.AX | ASX:NSR |

About National Storage (ASX:NSR):

National Storage is one of the largest self-storage providers in Australia and New Zealand, with 127 centres providing tailored storage solutions to over 40,000 residential and commercial customers across Australia and New Zealand. NSR is the first independent, internally managed and fully integrated owner and operator of self-storage centres to be listed on the Australian Securities Exchange (ASX).

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