Trading indicator
Williams %RTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Williams %R
Score
1.65
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 46 | 9.3 | 0.70% | 2.00% | 2.9% | -5.1% | 11.6% |
| SHORT | 45 | 8.6 | 0.73% | 2.54% | 3.6% | -2.6% | 83.9% |
Summary
Technical Analysis
Pact (PGH.AX)
Indicator:
WILLIAMS %R
Last Signal:
BULLISH
Trading: BUY @ $2.71
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.
Pact (ASX:PGH) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
Developed by Larry Williams, Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Also referred to as %R Williams %R reflects the level of the close relative to the highest high for the look-back period.
Calculation: Williams %R:
1) %R = (Highest High - Close)/(Highest High - Lowest Low) * -100;
2) Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %R is multiplied by -100 correct the inversion and move the decimal;
PROFILE: Pact (PGH.AX)
Stock Exchange: ASX
Company: Pact
Ticker Codes: | PGH.AX | 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:
Williams %R
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| AFL ASX 50 | 0.18 | 9.4 | 520,350 | 0 | BEARISH CROSSOVER |
| MCY Mighty River Power | 5 | 7.1 | 7,917 | 0 | BEARISH CROSSOVER |
| LNG Liquefied Natural Gas | 0.21 | 5.1 | 2,729,105 | 40 | BEARISH CROSSOVER |
| CAR Carsales | 16.74 | 4 | 912,376 | 2.8 | BEARISH CROSSOVER |
| BPT Beach Petroleum | 2.49 | 3.8 | 6,575,446 | 4.3 | BEARISH CROSSOVER |
| GTN GTN Resources | 0.7 | 3.7 | 7,121 | 52.4 | BEARISH CROSSOVER |
| DCG Decmil | 0.91 | 3.4 | 32,057 | 41.7 | BEARISH CROSSOVER |
| MNY Money3 | 2.25 | 2.7 | 301,346 | 12.5 | BEARISH CROSSOVER |
| NEA Nearmap | 2.72 | 2.6 | 2,589,326 | 51.7 | BEARISH CROSSOVER |
| ADA Adacel Technologies | 0.6 | 2.6 | 144,349 | 15.8 | BEARISH CROSSOVER |