Berkeley Resources

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

Close Change

Score

0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 110 4.0 0.29% 0.38% 10.3% -2.6% 111.6%
SHORT 109 4.7 0.45% 0.68% 6.3% -2.4% 135.7%

Summary

Technical Analysis

Berkeley Resources (BKY.AX)


Indicator:

PRICE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $0.385
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.


Berkeley Resources (ASX:BKY) sellers are keener than buyers and are driving the price down. This is the first day of price decline for BKY adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -13.6 & the greatest daily negative change this year has been -98.1. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -108.1%. This quarter, the largest downswing rally has been 7 days giving a total rally downward movement of -108.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 2x. Over the last month the average daily downward movement has been -1.300000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


PROFILE: Berkeley Resources (BKY.AX)


Stock Exchange: ASX
Company: Berkeley Resources
Ticker Codes: | BKY.AX | ASX:BKY |

About Berkeley Resources (ASX:BKY):

Berkeley Energia Limited engages in the exploration and development of uranium mine in Spain. It is developing the Salamanca project located in western Spain. The company was formerly known as Berkeley Energy Limited and changed its name to Berkeley Energia Limited in November 2015. Berkeley Energia Limited is based in London, the United Kingdom.

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