|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Gold Road Resources (GOR.AX)
COMMOIDITY CHANNEL INDEX
Trading: SELL @ $1.01
Signal Strength: MEDIUM
Gold Road Resources (ASX:GOR) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -28. The bearish signal has been active for 9 days. During the quarter, the highest CCI value was 289.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.
The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.
Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;
PROFILE: Gold Road Resources (GOR.AX)
Stock Exchange: ASX
Company: Gold Road Resources
Ticker Codes: | GOR.AX | ASX:GOR |
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore, and Attila projects, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. Gold Road Resources Limited was incorporated in 2007 and is based in West Perth, Australia.
|AQZ Alliance Aviation Services||2.5||10.1||242,935||-86||BEARISH|
|TZN Terramin Australia||0.08||6.7||7,645||-2||BEARISH|
|GUD Gud Holdings||10.1||3.7||567,527||-79||BEARISH|
|GBT Gbst Holdings||2.57||3.6||30,187||-96||BEARISH|
|CDV Cardinal Resources||0.31||3.3||182,289||-94||BEARISH|
|CGF Challenger Financial Services||6.54||3.3||11,715,315||-184||BEARISH|
|BBN Baby Bunting||2.25||3.2||254,358||-27||BEARISH|
|VRL Village Roadshow||2.85||2.9||408,633||-103||BEARISH|
|SGR The Star Entertainment||3.94||2.6||8,699,097||-93||BEARISH|