Telstra Corporation

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

Range Change

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 85 5.2 0.41% 0.64% 1.9% -1.4% -10.3%
SHORT 87 5.3 0.40% 0.59% 2.0% -1.2% -0.2%

Summary

Technical Analysis


The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;


PROFILE: Telstra Corporation (TLS.AX)


Stock Exchange: ASX
Company: Telstra Corporation
Ticker Codes: | TLS.AX | ASX:TLS |

About Telstra Corporation (ASX:TLS):

Telstra Corporation Limited provides telecommunications and information services to businesses, governments, communities, and individuals in Australia and internationally. The company conducts its operations through Telstra Retail, Global Enterprise and Services, Telstra Wholesale, and Telstra Operations segments. It offers telecommunication products, services, and solutions across mobiles, fixed and mobile broadband, telephony and pay television/Internet protocol television, and digital content; online self-service capabilities, such as browsing, buying, billing, and service requests; and sales and contract management services. The company also operates inbound and outbound call centers, owned and licensed Telstra shops, and the Telstra dealership network; and develops industry vertical solutions. In addition, it provides product management services for advanced technology solutions and services comprising data and Internet protocol networks; and network application and service products, such as managed network, unified communications, cloud, industry solutions, and integrated services. Further, the company offers a range of telecommunication products and services to other carriers, carriage service providers, and Internet service providers through its networks and associated support systems. Additionally, it provides Telstra Smart Home, which together with the Telstra Smart Home App combines and connects a range of home devices, including lights, motion sensors, cameras, and smart plugs; and Telstra Health software that enables healthcare providers to better connect with their patients and each other to enhance the quality, safety, and efficiency of the health, aged and community care, and disability sectors. The company was formerly known as Australian and Overseas Telecommunications Corporation Limited and changed its name to Telstra Corporation Limited in April 1993. Telstra Corporation Limited was founded in 1901 and is based in Melbourne, Australia.

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