Woodside Petroleum

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

Donchian Channels

Score

0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 24 15.5 0.29% 0.41% 5.5% -1.4% 15.4%
SHORT 24 15.8 0.17% 0.20% 10.8% -1.5% 12.9%

Summary

Technical Analysis


The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


PROFILE: Woodside Petroleum (WPL.AX)


Stock Exchange: ASX
Company: Woodside Petroleum
Ticker Codes: | WPL.AX | ASX:WPL |

About Woodside Petroleum (ASX:WPL):

Woodside Petroleum Ltd, an independent oil and gas company, engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons. The company's products include liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas, and crude oil. It holds interests in the North West Shelf project located in Western Australia; and operates a fleet of floating oil production, storage, and offloading facilities in Australia. The company's exploration portfolio includes emerging and frontier provinces in Australia and the Asia-Pacific region, the Atlantic margins, and Sub-Saharan Africa. It is also involved in the provision of trading, LNG processing, ship chartering, and other services. The company operates in Oceania, Asia, Canada, Africa, and internationally. Woodside Petroleum Ltd was founded in 1954 and is headquartered in Perth, Australia.

Top 10:

Donchian Channels

Download
Company Close Change(%) Volume Value Signal
MVP Medical Developments 5.79 12 245,893 16.67 BULLISH
GTN GTN Resources 0.78 6.8 57,066 5.56 BULLISH
BWX BWX 4.04 6.3 307,389 2.38 BULLISH
CAT Catuity 1.34 5.9 99,920 50 BULLISH
AVJ Av Jennings Homes 0.6 5.3 386,251 21.43 BULLISH
NMT Neometals 0.22 4.9 812,159 16.67 BULLISH
SAR Saracen Mineral 3.53 4.7 14,040,159 24.19 BULLISH
MEZ Meridian Energy 5.02 3.9 18,492 19.57 BULLISH
BTI Bailador Technology Investments 0.95 3.8 198,000 35.19 BULLISH
MCP Mcphersons 2.45 3.4 90,280 30 BULLISH