Gold Road Resources

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%

What indicators would you like to backtest?

Trading Performance

Rate of Change

Score

-0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 13.8 0.34% 0.43% 5.7% -2.5% 0.8%
SHORT 29 12.7 0.24% 0.28% 4.6% -2.9% -39.4%

Summary

Technical Analysis

Gold Road Resources (GOR.AX)


Indicator:

RATE OF CHANGE


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $1.01
Signal Strength: MEDIUM
Recommendation:

Gold Road Resources (ASX:GOR) currently has positive rate of change of 1.508%. This means the current price is greater than the price 14 days ago and therefore gaining momentum.

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


Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.

Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100


PROFILE: Gold Road Resources (GOR.AX)


Stock Exchange: ASX
Company: Gold Road Resources
Ticker Codes: | GOR.AX | ASX:GOR |

About Gold Road Resources (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.

Top 10:

Rate of Change

Download
Company Close Change(%) Volume Value Signal
EMH European Metals Holdings 0.4 12.9 86,102 1.28 BULLISH CROSSOVER
BSA Broadcast Services Australia 0.29 9.6 231,634 3.64 BULLISH CROSSOVER
SXY Senex Energy 0.31 8.8 4,717,831 1.64 BULLISH CROSSOVER
TZN Terramin Australia 0.08 6.7 7,645 1.27 BULLISH CROSSOVER
MEZ Meridian Energy 4.2 4.7 17,613 2.69 BULLISH CROSSOVER
CDD Cardno 0.94 4.4 130,290 1.62 BULLISH CROSSOVER
FID Fiducian 5.08 3 13,594 3.67 BULLISH CROSSOVER
MTS Metcash 3.08 2.7 4,569,361 2.67 BULLISH CROSSOVER
ARB Arb Corporation 18.77 2 260,390 0.81 BULLISH CROSSOVER
MIR Mirrabooka 2.45 1.7 36,998 1.24 BULLISH CROSSOVER