Trading indicator
Close vs RangeBacktest 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% |
Trading Performance
Close vs Range
Score
0.0
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 41 | 10.6 | 0.32% | 0.46% | 4.8% | -3.5% | -37.6% |
| SHORT | 40 | 9.2 | 0.50% | 1.00% | 5.5% | -3.5% | 39.5% |
Summary
Technical Analysis
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: Reckon (RKN.AX)
Stock Exchange: ASX
Company: Reckon
Ticker Codes: | RKN.AX | ASX:RKN |
Reckon Limited provides software solutions for small and medium businesses, larger businesses, accountants, bookkeepers, and lawyers in Australia, the United States, and others. It operates through Business Group, Legal Practice Management Group, and Accountant Practice Management Group segments. The Business Group segment engages in the development, distribution, and support of business accounting and personal wealth management software products, which include Reckon One and Reckon Accounts Hosted cloud software products, Reckon Accounts Business, and Reckon Accounts Personal. The Legal Practice Management Group segment develops and distributes software solutions to legal firms and corporations for revenue management, expense management, print solutions, business process automation, business intelligence, document service automation, and scan and document management solutions under the Reckon nQueue and Reckon Billback brands. The Accountant Practice Management Group segment engages in development, sales, and support of practice management, and compliance and efficiency tools for professional accounting firms under the Reckon APS and Reckon Elite brands. This segment also supplies corporate services, such as company registration and company secretarial tools; and supplies relevant content under the Reckon Docs brand. The company was founded in 1987 and is headquartered in North Sydney, Australia.
Top 10:
Close vs Range
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MOY Millennium Minerals | 0.13 | 13.6 | 1,861,319 | 0 | NEUTRAL |
| PRU Perseus Mining | 0.71 | 6.8 | 12,414,565 | 0 | NEUTRAL |
| AEF Australian Ethical Investments | 2.03 | 6.8 | 76,257 | 0 | NEUTRAL |
| NST Northern Star Resources | 13.47 | 6 | 4,840,454 | 0 | NEUTRAL |
| MVP Medical Developments | 6.06 | 4.7 | 189,975 | 0 | NEUTRAL |
| URF Us Masters Residential Property Fund | 0.9 | 4.7 | 25,678 | 0 | NEUTRAL |
| EDE Eden Energy | 0.07 | 4.6 | 4,448,760 | 0 | NEUTRAL |
| CLQ Clean Teq Holdings | 0.38 | 4.1 | 1,546,857 | 0 | NEUTRAL |
| ASB Austal | 4.13 | 4 | 5,275,463 | 0 | NEUTRAL |
| EVN Evolution Mining | 4.83 | 3.6 | 13,477,838 | 0 | NEUTRAL |