What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Average Directional Index

Score

-2.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 5 60.4 0.00% 0.00% 0.0% -7.3% -36.5%
SHORT 6 89.8 0.33% 0.40% 5.5% -7.9% -28.4%

Summary

Technical Analysis

Danakali (DNK.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

WEAK TREND


Trading: HOLD @ $0.585
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Danakali (ASX:DNK) has confirmed a weak trend is presentDanakali has an ATR(14) of 0.016, a DX of 8.45 & an ADX(14) of 15.77



The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;


PROFILE: Danakali (DNK.AX)


Stock Exchange: ASX
Company: Danakali
Ticker Codes: | DNK.AX | ASX:DNK |

About Danakali (ASX:DNK):

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.

Top 10:

Average Directional Index

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OMH OM Holdings 0.48 9.1 115,969 24.22 NEUTRAL
WGX Westgold Resources 2.4 7.1 2,028,898 -17.41 NEUTRAL
CDA Codan 8.49 7.1 1,047,595 19.39 NEUTRAL
AYS Amaysim Australia 0.34 6.3 179,377 -15.49 NEUTRAL
BKY Berkeley Resources 0.2 5.4 1,255,689 -18.74 NEUTRAL
SIV Silver Chef 0.6 5.3 39,659 -24.78 NEUTRAL
IRI Integrated Research 3.06 4.1 237,351 19.84 NEUTRAL
SYR Syrah Resources 0.52 4 1,853,465 19.34 NEUTRAL
GNE Genesis Energy 3.17 3.9 59,116 15.82 NEUTRAL