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%

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Trading Performance

Close vs Range

Score

-1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 74 6.9 0.41% 0.60% 3.7% -2.3% -1.8%
SHORT 73 5.0 0.47% 0.65% 1.5% -1.9% -46.4%

Summary

Technical Analysis

Gold Road Resources (GOR.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

NEUTRAL


Trading: NO POSITION @ $1.01
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.


Gold Road Resources (ASX:GOR)Neither buyer or seller are in control at the close of the market for Gold Road Resources. There has been 2 consecutive days of prices closing in the middle part of the trading range for GOR showing a lack of direction in the first timeframe & highlights the lack of commitment from both the buyers & sellers. Over the last 12 months there has been 1 trading day with the closing price in the middle 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 middle range giving a confirmation ratio of 6.3%. Currently this quarter, closing price has spent 1 day in the middle price range giving a ratio of 0x.



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: 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.

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