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

Stochastic Oscillator

Score

-3.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 50 7.2 0.28% 0.34% 3.9% -4.8% -140.5%
SHORT 50 9.4 0.30% 0.43% 5.7% -6.2% -132.0%

Summary

Technical Analysis

Alkane Exploration (ALK.AX)


Indicator:

STOCHASTIC OSCILLATOR


Last Signal:

BULLISH


Trading: BUY @ $0.265
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.



In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.

Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;


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:

Stochastic Oscillator

Download
Company Close Change(%) Volume Value Signal
LYC Lynas Corporation 2.26 14.4 20,354,647 88.9 BULLISH CROSSOVER
BNO Bionomics 0.15 11.1 659,788 83.3 BULLISH CROSSOVER
ADH Adairs 1.9 8.6 3,220,406 100 BULLISH CROSSOVER
ANG Austin Engineering 0.19 8.6 300,979 100 BULLISH CROSSOVER
EMH European Metals Holdings 0.44 6.1 273,100 93.8 BULLISH CROSSOVER
PPS Praemium 0.4 5.3 3,618,811 38.5 BULLISH CROSSOVER
GWA GWA 3.42 4.6 1,468,172 73.9 BULLISH CROSSOVER
GXY Galaxy Resources 1.69 4 3,714,912 97.6 BULLISH CROSSOVER
ABA Auswide Bank 4.99 4 38,098 100 BULLISH CROSSOVER
IMD Imdex 1.1 3.8 2,380,959 100 BULLISH CROSSOVER