Sky City Entertainment

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade 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%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Basic Candlestick

Score

-0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 100 4.4 0.44% 0.70% 1.2% -1.1% -16.9%
LONG 101 4.8 0.45% 0.76% 1.4% -1.2% -7.7%

Summary

Technical Analysis

Sky City Entertainment (SKC.AX)


Indicator:

WHITE OPENING MARUBOZU


Last Signal:

BULLISH


Trading: BUY @ $3.7
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.


Sky City Entertainment (ASX:SKC) has formed a White Opening Marubozu candlestick. This means, SKC has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.



This candlestick represents extreme bullishness and it is characterized with a long white body that has an upper shadow but no lower shadow.

Calculation: White Opening Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There is no lower shadow;


PROFILE: Sky City Entertainment (SKC.AX)


Stock Exchange: ASX
Company: Sky City Entertainment
Ticker Codes: | SKC.AX | ASX:SKC |

About Sky City Entertainment (ASX:SKC):

SKYCITY Entertainment Group Limited, together with its subsidiaries, operates in the gaming/entertainment, hotel and convention, hospitality, recreation, and tourism sectors in New Zealand and Australia. The company operates through SKYCITY Auckland, Rest of New Zealand, Adelaide Casino, SKYCITY Darwin, and International Business segments. It engages in hotels and convention, food and beverage, car parking, sky tower, and other related activities. The company also operates casinos in Auckland, Hamilton, and Queenstown, New Zealand; and Adelaide and Darwin, Australia, as well as various restaurants and bars. SKYCITY Entertainment Group Limited was incorporated in 1994 and is based in Auckland, New Zealand.

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