Stockland

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 104 4.5 0.49% 0.77% 1.4% -1.0% 4.6%
SHORT 104 4.4 0.46% 0.80% 1.5% -1.0% 13.3%

Summary

Technical Analysis

Stockland (SGP.AX)


Indicator:

WHITE CANDLE


Last Signal:

BULLISH


Trading: BUY @ $4.36
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.


Stockland (ASX:SGP) has formed a White candlestick. Normal buying pressure highlighting buyers were in control.



This candlestick implies normal buying pressure and shows that prices advanced during the day from open to close and the buyers were in control.

Calculation: White Candlestick Pattern:
1) The body of the candlestick is white with normal length;


PROFILE: Stockland (SGP.AX)


Stock Exchange: ASX
Company: Stockland
Ticker Codes: | SGP.AX | ASX:SGP |

About Stockland (ASX:SGP):

Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia's largest diversified property group ? owning, developing and managing a large portfolio of shopping centres, residential communities, logistic centres, business parks, office assets and retirement living villages. Stockland is rated as one of the most sustainable real estate companies in the world by the Dow Jones Sustainability World Index (DJSI). Stockland is also an Employer of Choice for Gender Equality, as recognised by the Workplace Gender Equality Agency.

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