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

Elder's Force Index

Score

-1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 24.7 0.50% 0.78% 2.5% -2.9% -8.8%
SHORT 15 23.0 0.40% 0.67% 5.4% -13.5% -89.3%

Summary

Technical Analysis

Champion Iron (CIA.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

NEUTRAL


Trading: HOLD @ $3.08
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Champion Iron (ASX:CIA)


Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x 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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Elder's Force Index

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