Greenland Minerals

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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Detrended Price Oscillator

Score

0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 23.4 0.36% 0.45% 29.6% -3.9% 105.6%
SHORT 14 37.6 0.43% 0.67% 30.8% -2.7% 160.1%

Summary

Technical Analysis

Greenland Minerals (GGG.AX)


Indicator:

DETREND PRICE OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $0.135
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.


Greenland Minerals (ASX:GGG) currently has a confirmed downtrend. Price is currently below the displaced moving average for GGG Currently, the return on DPO20 is -3.6%.



The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.

Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;


PROFILE: Greenland Minerals (GGG.AX)


Stock Exchange: ASX
Company: Greenland Minerals
Ticker Codes: | GGG.AX | ASX:GGG |

About Greenland Minerals (ASX:GGG):

Greenland Minerals Limited engages in the exploration and evaluation of mineral properties in Australia. The company explores for rare earth elements, uranium, and zinc. It primarily focuses on advancing the Kvanefjeld multi-element project located in southern Greenland. The company was formerly known as Greenland Minerals and Energy Limited and changed its name to Greenland Minerals Limited in June 2018. Greenland Minerals Limited is headquartered in Subiaco, Australia.

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