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

-1.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 39 12.8 0.18% 0.22% 4.0% -1.6% -22.3%
SHORT 40 7.7 0.13% 0.14% 4.3% -2.1% -50.9%

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: Navitas (NVT.AX)


Stock Exchange: ASX
Company: Navitas
Ticker Codes: | NVT.AX | ASX:NVT |

About Navitas (ASX:NVT):

Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.

Top 10:

Donchian Channels

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Company Close Change(%) Volume Value Signal
ADH Adairs 1.75 5.7 1,892,559 -7.45 BEARISH
GWA GWA 3.27 5.1 1,134,442 -9.57 BEARISH
MMS Mcmillan Shakespeare 12.92 5 384,142 -6.12 BEARISH
MTO Moto Goldmines 1.18 4.9 70,135 -17.27 BEARISH
PNI Pinnacle Investment Management 5.76 4.9 395,332 -13.74 BEARISH
EVO Evolve Education 0.12 4.5 7,151,826 -38.89 BEARISH
BFC Beston Global Food 0.12 4.3 687,748 -16.67 BEARISH
PPS Praemium 0.38 4.2 1,900,854 -29.31 BEARISH
SLK Sealink Travel 3.78 3.8 19,221 -12.16 BEARISH
MVP Medical Developments 5.09 3.5 38,708 -17.39 BEARISH