Champion Iron

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

Accumulation Distribution

Score

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 34 11.1 0.47% 0.80% 8.7% -4.2% 54.8%
SHORT 33 12.1 0.52% 0.81% 1.9% -4.3% -58.6%

Summary

Technical Analysis

Champion Iron (CIA.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $2.88
Signal Strength: MEDIUM
Recommendation:

Champion Iron (ASX:CIA) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 232643. day. During the quarter, the highest ADLINE value was 311042.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Champion Iron (CIA.AX)


Stock Exchange: ASX
Company: Champion Iron
Ticker Codes: | CIA.AX | ASX:CIA |

About Champion Iron (ASX:CIA):

Champion Iron Limited explores and develops iron ore properties in Quebec, Canada. Its flagship projects include the Bloom Lake mine, which consists of 114 mining claims located in QuÚbec, Canada; and the Consolidated Fire Lake North project that consists of Fire Lake North, Oil Can, Bellechasse, and Midway properties situated in northeastern Quebec. The company was formerly known as Champion Iron Mines Limited and changed its name to Champion Iron Limited in March 2014. Champion Iron Limited is headquartered in Rozelle, Australia.

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ORE Orocobre 3.72 5.7 2,070,172 171,710.7 BULLISH