Qube Logistics

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

Basic Candlestick

Score

0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 94 4.6 0.53% 0.91% 1.2% -0.9% 8.5%
SHORT 95 5.0 0.46% 0.72% 1.5% -1.0% 1.1%

Summary

Technical Analysis

Qube Logistics (QUB.AX)


Indicator:

BLACK SPINNING TOP


Last Signal:

INDECISION


Trading: NO POSITION @ $3.05
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Qube Logistics (ASX:QUB) has formed a Black Spinning Top candlestick. This means, QUB has opened and closed within a small range with a upper and lower shadow that is longer than the body of the candle. This has similar traits to that of a doji candle highlighting the supply and demand indecision Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.



This candlestick has a tiny black body with upper and lower shadows that have a greater length than the body. It is accepted as a type of Doji and will act as a Doji when it appears.

Calculation: Black Spinning Top Candlestick:
1) The body of the candlestick is black and very small;
2) The upper and lower shadows are longer than the body;


PROFILE: Qube Logistics (QUB.AX)


Stock Exchange: ASX
Company: Qube Logistics
Ticker Codes: | QUB.AX | ASX:QUB |

About Qube Logistics (ASX:QUB):

Qube Holdings Limited, together with its subsidiaries, provides logistics services for clients in import and export cargo supply chains in Australia. The company's Logistics segment offers services relating to the import and export of containerized cargo. This segment provides various services, which includes physical and documentary processes and tasks of the import/export supply chain, such as road and rail transport of containers to and from ports, operation of full and empty container parks, customs and quarantine services, warehousing, intermodal terminals, and international freight forwarding, as well as bulk rail haulage services for rural commodities. Its Ports & Bulk segment offers logistics services relating to the import and export of non-containerized freight with a focus on automotive, bulk, and break bulk products; and an integrated logistics solution for the automotive industry covering various activities, including facilities management, stevedoring, processing, and delivery. This segment also offers stevedoring and related logistics services for the oil and gas industry, forestry products, and project and general cargo; and handles commodities, such as iron ore, copper, nickel concentrate, and mineral sands. The company's Strategic Assets segment owns an 83 hectare parcel of land at Moorebank; a strategically located property at Minto in Sydney; a 39.9% interest in the Quattro Grain joint venture that operates a grain storage and handling facility at Port Kembla; and a 50% shareholding in TQ Holdings Pty Limited to develop fuel storage facilities in Australia. Its Patrick segment provides container stevedoring services in Australia. The company was formerly known as Qube Logistics Holdings Limited and changed its name to Qube Holdings Limited in November 2012. Qube Holdings Limited is based in Sydney, Australia.

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