|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Gascoyne Resources (GCY.AX)
SIMPLE MOVING AVERAGE
Trading: SELL @ $0.039
Signal Strength: STRONG
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.
Gascoyne Resources (ASX:GCY) currently has a confirmed downtrend. This means the SMA 15 day average has moved below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.0%.
A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.
Calculation: Simple Moving Average:
1) SMA: n period sum / n;
PROFILE: Gascoyne Resources (GCY.AX)
Stock Exchange: ASX
Company: Gascoyne Resources
Ticker Codes: | GCY.AX | ASX:GCY |
Gascoyne Resources Limited engages in the exploration and development of gold and base metal projects in Australia. The company holds a 100% interest in the Dalgaranga gold project covering 780 square kilometers of area located in the Murchison region of Western Australia; a 100% interest in the Glenburgh gold project covering 2,000 square kilometers of area located in the Southern Gascoyne region of Western Australia; and a 100% interest in the Egerton gold project covering 450 square kilometers of area located in the Southern Gascoyne region of Western Australia. It also controls various tenements and tenement applications in the Murchison, Pilbara, and Gascoyne regions of Western Australia. The company was founded in 2009 and is headquartered in West Perth, Australia.
|DCN Dacian Gold||0.55||23.6||6,024,943||-44.4||BEARISH|
|GTN GTN Resources||1.1||10||161,378||-1.2||BEARISH|
|LNG Liquefied Natural Gas||0.29||9.6||1,664,251||-0.5||BEARISH|
|TZN Terramin Australia||0.08||8.7||388,211||-2.1||BEARISH|
|SMX Sms Management & Technology||0.39||5.4||102,965||-0.6||BEARISH|
|FBR Fastbrick Robotics||0.08||4.2||978,830||-2.6||BEARISH|
|BBN Baby Bunting||2.18||3.8||510,542||-3.6||BEARISH|
|SXY Senex Energy||0.29||3.6||10,559,722||-3.6||BEARISH|