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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Trading Performance

Close vs Range

Score

-2.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 86 4.3 0.30% 0.37% 5.5% -3.5% -101.2%
SHORT 88 6.0 0.41% 0.54% 2.6% -3.5% -141.4%

Summary

Technical Analysis

Greenland Minerals (GGG.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $0.13
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Greenland Minerals (ASX:GGG)sellers in control. This is the first day of seller commitment for Greenland Minerals adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 1 trading day with the closing price in the lower part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the lower range giving a confirmation ratio of 11.1%. Currently this quarter, closing price has spent 1 day in the lower price range compared to 2 days in the upper range giving a ratio of 0.5x.



Where the closing price fall within the day’s trading range highlights whether are in control.

[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;


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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