Washington H Soul Pattison & Co

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

Close vs Range

Score

1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 73 6.3 0.49% 0.92% 2.9% -1.4% 50.1%
SHORT 74 5.6 0.39% 0.63% 3.2% -1.4% 28.0%

Summary

Technical Analysis

Washington H Soul Pattison & Co (SOL.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

BULLISH


Trading: BUY @ $23.13
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Washington H Soul Pattison & Co (ASX:SOL) buyers are in control at the market close. This is the first day of buyer commitment for Washington H Soul Pattison & Co adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 4 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 28.6%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 1 days in the lower range giving a ratio of 4x.



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: Washington H Soul Pattison & Co (SOL.AX)


Stock Exchange: ASX
Company: Washington H Soul Pattison & Co
Ticker Codes: | SOL.AX | ASX:SOL |

About Washington H Soul Pattison & Co (ASX:SOL):

Washington H. Soul Pattinson and Company Limited, together with its subsidiaries, engages in the ownership of shares, coal mining, gold and copper mining and refining, property investment, and consulting businesses. The company operates through Investing Activities, Energy, Copper and Gold Operations, Corporate Advisory, and Property segments. The Investing Activities segment invests in cash, term deposits, and diversified equity investments portfolio. The Energy segment engages in the coal, oil, and gas activities, which include exploration, development, production, processing, associated transport infrastructure, and ancillary activities. The Copper and Gold Operations segment is involved in the copper and gold mining activities that include exploration, mining, and processing of ore into copper concentrate, copper sulphide, and gold. The Property segment engages in the identification, investment, management, and rental of real estate properties. The company was founded in 1872 and is based in Sydney, Australia.

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