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

-1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 33 7.7 0.42% 0.67% 1.6% -1.3% -5.7%
SHORT 33 9.0 0.27% 0.36% 2.7% -3.4% -61.3%

Summary

Technical Analysis

Sonic Cp (SONC)


Indicator:

RANGE CHANGE


Last Signal:

NEUTRAL


Trading: NO POSITION @ $43.49
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.


Sonic Cp (NASDAQ:SONC) No price change for Sonic Cp. This is the first day of no daily price range for SONC highlighting the lack of enthusiasm for either buying or selling in the first timeframe. Over the last 12 months there have been 2 days of no price range giving a ratio of 0x. Over the last month there have been 1 days of no price range giving a ratio of 0.3x.



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: Sonic Cp (SONC)


Stock Exchange: NASDAQ
Company: Sonic Cp
Ticker Codes: | SONC | NASDAQ:SONC |

About Sonic Cp (NASDAQ:SONC):

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of August 31, 2017, the company operated 3,593 Sonic Drive-Ins in 45 states, of which 228 were owned and operated by the company and 3,365 were owned and operated by franchisees. The company also owns and leases 135 properties; and sublease 53 properties to franchisees and other parties. The company was founded in 1953 and is headquartered in Oklahoma City, Oklahoma.

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