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

On Balance Volume

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 21.5 0.41% 0.53% 6.2% -2.7% 10.8%
SHORT 21 13.3 0.33% 0.39% 8.2% -2.1% 19.5%

Summary

Technical Analysis

Ci Resources (CII.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BULLISH


Trading: HOLD @ $1.4
Signal Strength: MEDIUM
Recommendation:

Ci Resources (ASX:CII) current price has highlighted recent accumulation. Currently, the OBV is 1164.1.


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.


On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)


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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