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

-0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 23.3 0.21% 0.27% 1.9% -5.4% -53.4%
SHORT 13 32.6 0.54% 1.17% 6.7% -4.0% 23.5%

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: Pact (PGH.AX)


Stock Exchange: ASX
Company: Pact
Ticker Codes: | PGH.AX | ASX:PGH |

About Pact (ASX:PGH):

Pact Group Holdings Ltd manufactures and supplies rigid plastics and metal packaging in Australia, New Zealand, China, the Philippines, Singapore, Indonesia, Thailand, and the United States. The company operates in two segments, Pact Australia and Pact International. It primarily converts plastic resin and steel into rigid packaging and other products for customers in the food and beverage, personal care, household consumer, industrial and chemical, materials handling, infrastructure, agricultural, and other sectors. The company's products comprise yoghurt containers, cream and ice-cream containers, milk and beverage bottles, margarine tubs, food jars, meat and bakery trays, cubes, pails, tubes and cartridges, bottle caps and closures, and other customized packaging; steel drums, tinplate pails, and other metal containers; and plastic material handling, industrial, and technical products, as well as sustainability products and services. In addition, it offers materials handling solutions and associated services; contract manufacturing services for pharmaceutical and aerosol based products; recycling services; and crate pooling and hire services. Pact Group Holdings Ltd was founded in 2002 and is headquartered in Richmond, Australia.

Top 10:

Donchian Channels

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Company Close Change(%) Volume Value Signal
DCN Dacian Gold 0.95 22.6 7,221,770 47.39 BULLISH
EWC Energy World Corporation 0.1 9.2 682,001 44.87 BULLISH
PRU Perseus Mining 0.77 8.5 17,484,605 50 BULLISH
RMS Ramelius Resources 0.86 8.2 7,633,542 44.87 BULLISH
CDV Cardinal Resources 0.37 5.7 766,151 50 BULLISH
BPT Beach Petroleum 2 5.3 9,549,948 50 BULLISH
PGC Paragon Care 0.5 5.3 921,899 44.44 BULLISH
RSG Resolute Mining 1.82 4.6 12,510,848 50 BULLISH
SHJ Shine Corporate 0.71 4.4 63,355 50 BULLISH
KSL Kina Securities 1.43 4.4 753,919 27.78 BULLISH