Supply Network

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

-0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 48 7.8 0.40% 0.61% 4.1% -2.1% 12.7%
SHORT 48 9.3 0.42% 0.67% 4.2% -3.4% -18.7%

Summary

Technical Analysis

Supply Network (SNL.AX)


Indicator:

MARUBOZU CANDLE


Last Signal:

BULLISH


Trading: BUY @ $3.71
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.


Supply Network (ASX:SNL) has formed a White Marubozu candlestick. This means, SNL has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows 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 is characterized by a long white body having no shadows on either end.

Calculation: White Marubozu Candlestick:
1) The body of the candlestick is white and long;
2) There are no upper or lower shadows;


PROFILE: Supply Network (SNL.AX)


Stock Exchange: ASX
Company: Supply Network
Ticker Codes: | SNL.AX | ASX:SNL |

About Supply Network (ASX:SNL):

Supply Network Limited engages in the provision of after market parts to the commercial vehicle industry in Australia and New Zealand. It sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving. The company is based in Pemulwuy, Australia.

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