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

Moving Average Envelope

Score

-0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 10 21.6 0.10% 0.11% 3.5% -3.1% -24.0%
SHORT 9 49.2 0.44% 0.80% 17.1% -2.8% 54.6%

Summary

Technical Analysis

Pact (PGH.AX)


Indicator:

ENVELOPE BAND


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $2.8
Signal Strength: MEDIUM
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.


Pact (ASX:PGH) current price has driven Envelope Bands to become overbought signalling the continuation of long trading conditions. Currently, the Upper Band is 2.7615.



Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.

Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);


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:

Moving Average Envelope

Download
Company Close Change(%) Volume Value Signal
FXL Flexigroup 1.83 10.6 3,158,739 102.41 BULLISH
EWC Energy World Corporation 0.1 9.2 682,001 187.5 BULLISH
PRU Perseus Mining 0.77 8.5 17,484,605 283.33 BULLISH
ALK Alkane Exploration 0.42 6.4 713,328 121.62 BULLISH
PGC Paragon Care 0.5 5.3 921,899 100 BULLISH
RSG Resolute Mining 1.82 4.6 12,510,848 300 BULLISH
SHJ Shine Corporate 0.71 4.4 63,355 59.7 BULLISH
KSL Kina Securities 1.43 4.4 753,919 83.33 BULLISH
PEA Pacific Energy 0.72 4.3 988,388 90.91 BULLISH
SLR Silver Lake Resources 1.51 4.1 7,485,218 313.04 BULLISH