Alkane Exploration

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

Acceleration Bands

Score

-1.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 50 4.4 0.30% 0.39% 6.2% -4.3% -71.4%
SHORT 48 12.3 0.23% 0.28% 8.1% -6.0% -148.7%

Summary

Technical Analysis

Alkane Exploration (ALK.AX)


Indicator:

ACCELERATION BANDS


Last Signal:

BULLISH


Trading: BUY @ $0.84
Signal Strength: STRONG
Recommendation:

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.


Alkane Exploration (ASX:ALK) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.



Acceleration bands serve as a trading envelope using an instrument’s typical volatility over a standard setting of 20 bars. The user may change the input (close) period length and multiplier factor.

Calculation: Acceleration Bands:
1) Upper band = ( High * ( 1 + 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
2) Lower band = ( Low * ( 1 – 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
3) Where Factor=0.001


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.

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Acceleration Bands

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