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

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 12.1 0.23% 0.29% 1.6% -2.9% -52.2%
SHORT 26 17.1 0.23% 0.30% 11.9% -4.2% -11.8%

Summary

Technical Analysis

Nufarm (NUF.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BEARISH


Trading: SELL @ $3.78
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.


Nufarm (ASX:NUF) 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: Nufarm (NUF.AX)


Stock Exchange: ASX
Company: Nufarm
Ticker Codes: | NUF.AX | ASX:NUF |

About Nufarm (ASX:NUF):

Nufarm Limited, together with its subsidiaries, manufactures and sells crop protection products in Australia, New Zealand, Asia, Europe, North America, Latin America, and internationally. It operates through two segments, Crop Protection and Seed Technologies. The company offers herbicides, insecticides, fungicides, and plant growth regulators to protect crops from damage caused by weeds, pests, and diseases. It also provides seeds and seed treatment products; and engages in croplands equipment business. The company is headquartered in Laverton North, 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