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

Bollinger Bands

Score

-1.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 36 11.0 0.28% 0.36% 1.9% -1.6% -25.8%
SHORT 35 11.2 0.20% 0.24% 2.8% -1.6% -26.0%

Summary

Technical Analysis


The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


PROFILE: Orica (ORI.AX)


Stock Exchange: ASX
Company: Orica
Ticker Codes: | ORI.AX | ASX:ORI |

About Orica (ASX:ORI):

Orica Limited engages in the manufacture and distribution of commercial explosives and blasting systems, and mining and tunneling support systems to the mining and infrastructure markets in Australia, the United States, and internationally. The company offers bulk systems, electronic blasting systems, initiating systems, packaged explosives, and blasting services to the surface and underground mining, civil tunneling, quarrying, construction, and oil and gas markets. It also offers mining chemicals comprising sodium cyanide and emulsifiers, as well as offers a range of service solutions consisting of mineral recovery, cyanide handling and use, and onsite technical support. In addition, the company provides chemical and mechanical earth control products, adhesives, and ground support equipment, including steel bolts and plates, glass fiber reinforced polymer bolts, injectable chemicals and foams, mesh, resin capsules, cementitious grouts and coatings, pumps, soil anchoring systems, ballast bonding polymers, and accessories, as well as engineering services for the underground mining, construction, tunneling, and civil engineering industries. Orica Limited was founded in 1874 and is headquartered in East Melbourne, Australia.

Top 10:

Bollinger Bands

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Company Close Change(%) Volume Value Signal
KDR Kidman Resources 1.88 -0.5 5,474,289 -51.43 BEARISH CROSSOVER
GUD Gud Holdings 10.37 -0.6 204,177 -0.28 BEARISH CROSSOVER
AQZ Alliance Aviation Services 2.53 -0.8 151,280 -1.11 BEARISH CROSSOVER
MWY Midway 3.49 -0.9 86,054 -6.31 BEARISH CROSSOVER
FNP Freedom Nutritional Products 5.2 -1 238,438 -3.18 BEARISH CROSSOVER
IFN IFN 0.46 -1.1 558,917 -13.37 BEARISH CROSSOVER
EPW ERM Power 1.86 -1.3 646,362 -13.18 BEARISH CROSSOVER
AYS Amaysim Australia 0.72 -1.4 81,806 -10.52 BEARISH CROSSOVER
BVS Bravura Solutions 5.3 -1.9 1,339,433 -2.26 BEARISH CROSSOVER
CNU Chorus 5.47 -2 576,794 -2.77 BEARISH CROSSOVER