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

Close Change

Score

-1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 119 4.2 0.29% 0.39% 1.7% -1.0% -27.1%
SHORT 119 3.9 0.32% 0.45% 1.9% -1.0% -14.2%

Summary

Technical Analysis

Telstra Corporation (TLS.AX)


Indicator:

PRICE CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $3.84
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.


Telstra Corporation (ASX:TLS) buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for TLS adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 1.9 & the greatest daily positive change this year has been 630.4. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 632.2%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 632.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 6x. Over the last month the average daily upward movement has been 0.900000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


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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