Ci 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

Weighted Moving Average

Score

0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 22.1 0.32% 0.46% 10.0% -3.6% 13.5%
SHORT 18 18.0 0.17% 0.20% 20.6% -2.6% 22.5%

Summary

Technical Analysis

Ci Resources (CII.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $1.495
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Ci Resources (ASX:CII) currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.3%.



Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.

Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n


PROFILE: Ci Resources (CII.AX)


Stock Exchange: ASX
Company: Ci Resources
Ticker Codes: | CII.AX | ASX:CII |

About Ci Resources (ASX:CII):

CI Resources Limited, together with its subsidiaries, engages in the mining, processing, and sale of phosphate rock, phosphate dust, and chalk in Australia. It operates through Mining and Farming segments. The company also provides earthmoving, fuel pilotage, maintenance, and stevedoring services to other organizations in Christmas Island; operates a palm oil estate; and processes and sells palm oil products. CI Resources Limited also exports its phosphate products to New Zealand, Malaysia, Thailand, and Indonesia. In addition, the company offers shipping services; and fuel and marketing services. CI Resources Limited was incorporated in 1987 and is based in Burswood, Australia.

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