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

Close vs Range

Score

0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 78 5.2 0.44% 0.68% 2.1% -1.9% -25.0%
SHORT 79 6.0 0.49% 0.89% 4.1% -1.7% 84.5%

Summary

Technical Analysis

Pact (PGH.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $2.27
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Pact (ASX:PGH)sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Pact adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 2 days in the upper range giving a ratio of 2x.



Where the closing price fall within the day’s trading range highlights whether are in control.

[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;


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:

Close vs Range

Download
Company Close Change(%) Volume Value Signal
BFC Beston Global Food 0.11 5 372,431 -1 BEARISH
ZEL Zeolite Australia 5.9 1.7 261,917 -1 BEARISH
RMS Ramelius Resources 0.76 1.3 3,996,500 -1 BEARISH
CKF Collins Foods 7.72 0.7 1,064,343 -1 BEARISH
IFM Infomedia 1.7 0.6 136,408 -1 BEARISH
KDR Kidman Resources 1.88 0.3 3,247,885 -1 BEARISH
DJW Djerriwarth Investments 3.42 0.3 236,138 -1 BEARISH
SDF Steadfast 3.35 0.3 3,708,721 -1 BEARISH
BLD Boral 5.25 0.2 4,524,145 -1 BEARISH
ARG Argo Investments 8.07 0 315,353 -1 BEARISH