Alkane Exploration

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

Momentum Oscillator

Score

0.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 14.8 0.32% 0.39% 10.1% -4.1% -4.0%
SHORT 22 21.3 0.41% 0.60% 7.7% -4.4% 3.1%

Summary

Technical Analysis


Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.

Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];


PROFILE: Alkane Exploration (ALK.AX)


Stock Exchange: ASX
Company: Alkane Exploration
Ticker Codes: | ALK.AX | ASX:ALK |

About Alkane Exploration (ASX:ALK):

Alkane Resources Limited operates as a multi-commodity mining and exploration company in the Central West of New South Wales in eastern Australia. It explores for gold, copper, zirconium, hafnium, niobium, tantalum, yttrium, and rare earth elements. The company owns interest in the Tomingley Gold project and the Dubbo Zirconia project located in New South Wales. Its exploration projects comprise the Bodangora, Kaiser, Finns Crossing, Cudal, Peak Hill, Wellington, Elsienora, Rockley, and Orange East projects. Alkane Resources Limited is headquartered in Burswood, Australia.

Top 10:

Momentum Oscillator

Download
Company Close Change(%) Volume Value Signal
EMH European Metals Holdings 0.41 9.3 135,933 0 NEUTRAL
PIC Perpetual Equity Investment 1.02 3.6 580,572 0 NEUTRAL
AMP AMP 2.27 3.2 13,875,986 0 NEUTRAL
TGA Thorn 0.44 1.1 208,592 0 NEUTRAL
AHY Asaleo Care 0.92 0.5 104,973 0 NEUTRAL
INA Ingenia Communities 3.07 0.3 166,882 0 NEUTRAL
FIG Freedom Insurance 0.02 0 0 0 NEUTRAL
BSA Broadcast Services Australia 0.28 0 227,140 0 NEUTRAL
CBL Cbl Corporation 2.82 0 0 0 NEUTRAL
ARA Ariadne Australia 0.65 0 0 0 NEUTRAL