Alacer Gold Corp

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

-0.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 46 8.9 0.48% 0.92% 4.0% -2.6% 25.1%
SHORT 47 8.6 0.32% 0.42% 3.2% -3.2% -67.8%

Summary

Technical Analysis

Alacer Gold Corp (AQG.AX)


Indicator:

RANGE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $4.82
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.


Alacer Gold Corp (ASX:AQG) sellers are increasingly eager. This is the first day sellers have increasing eagerness for AQG adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.3000 & the greatest daily price range this year has been $2.4500. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 0.1x.



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: Alacer Gold Corp (AQG.AX)


Stock Exchange: ASX
Company: Alacer Gold Corp
Ticker Codes: | AQG.AX | ASX:AQG |

About Alacer Gold Corp (ASX:AQG):

Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. It primarily holds an 80% interest in the Ã÷pler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.

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