Zeolite Australia

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%

What indicators would you like to backtest?

Trading Performance

Donchian Channels



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 45 7.7 0.11% 0.12% 2.5% -2.5% -91.8%
SHORT 44 10.6 0.11% 0.13% 4.1% -2.3% -68.3%


Technical Analysis

Zeolite Australia (ZEL.AX)



Last Signal:


Trading: SELL @ $5.78
Signal Strength: STRONG

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.

Zeolite Australia (ASX:ZEL) is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

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: Zeolite Australia (ZEL.AX)

Stock Exchange: ASX
Company: Zeolite Australia
Ticker Codes: | ZEL.AX | ASX:ZEL |

About Zeolite Australia (ASX:ZEL):

Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 157 truck stops; 7 electric vehicle charging stations; and pipelines, terminals, and fuel storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.

Top 10:

Donchian Channels

Company Close Change(%) Volume Value Signal
ADH Adairs 1.75 5.7 1,892,559 -7.45 BEARISH
GWA GWA 3.27 5.1 1,134,442 -9.57 BEARISH
MMS Mcmillan Shakespeare 12.92 5 384,142 -6.12 BEARISH
MTO Moto Goldmines 1.18 4.9 70,135 -17.27 BEARISH
PNI Pinnacle Investment Management 5.76 4.9 395,332 -13.74 BEARISH
EVO Evolve Education 0.12 4.5 7,151,826 -38.89 BEARISH
BFC Beston Global Food 0.12 4.3 687,748 -16.67 BEARISH
PPS Praemium 0.38 4.2 1,900,854 -29.31 BEARISH
SLK Sealink Travel 3.78 3.8 19,221 -12.16 BEARISH
MVP Medical Developments 5.09 3.5 38,708 -17.39 BEARISH