Energy Resources Of Australia

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

% Volume Oscillator

Score

0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 28 13.4 0.54% 0.83% 5.5% -5.2% -10.8%
SHORT 26 16.0 0.69% 1.80% 8.5% -5.9% 93.6%

Summary

Technical Analysis

Energy Resources Of Australia (ERA.AX)


Indicator:

% VOLUME OSCILLATOR


Last Signal:

BULLISH


Trading: HOLD @ $0.21
Signal Strength: MEDIUM
Recommendation:

Energy Resources Of Australia (ASX:ERA) currently has positive PVO 19.69%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 2.4%.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO) it is shown with a signal line a histogram and a centreline.

Calculation: Percentage Volume Oscillator (PVO):
1) Percentage Volume Oscillator (PVO): ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100;
2) Signal Line: 9-day EMA of PVO; 3) Histogram: PVO - Signal Line;


PROFILE: Energy Resources Of Australia (ERA.AX)


Stock Exchange: ASX
Company: Energy Resources Of Australia
Ticker Codes: | ERA.AX | ASX:ERA |

About Energy Resources Of Australia (ASX:ERA):

Energy Resources of Australia Ltd engages in producing and selling uranium oxide. The company holds interests in threes assets, such as the Ranger Stockpiles, the Ranger 3 Deeps underground resource, and the Jabiluka Mineral Lease. It sells its products to power utilities in the United States, Europe, China, Japan, South Korea, and the United Arab Emirates. The company was founded in 1980 and is headquartered in Darwin, Australia. Energy Resources of Australia Ltd is a subsidiary of North Limited.

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