GNC - End of 7-day Losing Streak provides a 10-day Upside Bias
Graincorp Ltd (GNC) ended its 7-day losing streak yesterday with a gain of 1.61%. Since 2000, 7-day losing streaks that ended with an 8th day gain of greater than 1% usually led to higher prices over the next 10-days.
Looking forward 10-days, GNC, provided an average gain of 5.42%, win rate of 4 from 5, standard deviation 5.71%, maximum 12.14%, median 7.83%, minimum -1.88%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Looking forward 10-days, GNC, provided an average gain of 5.42%, win rate of 4 from 5, standard deviation 5.71%, maximum 12.14%, median 7.83%, minimum -1.88%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.