Grange Resources

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Basic Candlestick



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 76 5.6 0.37% 0.46% 2.9% -3.1% -107.0%
SHORT 76 5.9 0.41% 0.51% 1.8% -3.1% -130.0%


Technical Analysis

Grange Resources (GRR.AX)



Last Signal:


Trading: NO POSITION @ $0.25
Signal Strength: WEAK

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.

Grange Resources (ASX:GRR) has formed a Black Spinning Top candlestick. This means, GRR has opened and closed within a small range with a upper and lower shadow that is longer than the body of the candle. This has similar traits to that of a doji candle highlighting the supply and demand indecision Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

This candlestick has a tiny black body with upper and lower shadows that have a greater length than the body. It is accepted as a type of Doji and will act as a Doji when it appears.

Calculation: Black Spinning Top Candlestick:
1) The body of the candlestick is black and very small;
2) The upper and lower shadows are longer than the body;

PROFILE: Grange Resources (GRR.AX)

Stock Exchange: ASX
Company: Grange Resources
Ticker Codes: | GRR.AX | ASX:GRR |

About Grange Resources (ASX:GRR):

Grange Resources Limited engages in the integrated iron ore mining and pellet production business in the northwest region of Tasmania. The company is involved in the mining, processing, and sale of iron ore; and exploration, evaluation, and development of mineral resources at the Southdown Magnetite and related Pellet plant projects. It owns interests in the Savage River magnetite iron ore mine located to the southwest of the city of Burnie. The company is based in Burnie, Australia.

Top 10:

Basic Candlestick

Company Close Change(%) Volume Value Signal
PNV Polynovo 2.83 11 8,785,749 0 NEUTRAL
PPC Peet & Company 1.35 5.9 49,499 0 NEUTRAL
PNR Pacific Niugini Minerals 0.11 5 2,749,840 0 NEUTRAL
EDE Eden Energy 0.04 4.8 3,708,423 0 NEUTRAL
WTC Wisetech Global 25 4.7 765,268 0 NEUTRAL
CAJ Capitol Health 0.24 4.3 2,084,942 0 NEUTRAL
PPH Pan Pharmaceuticals 4.35 4.1 140,308 0 NEUTRAL
IRE Iress Market Technology 13.73 3.5 449,191 0 NEUTRAL
BFC Beston Global Food 0.09 3.5 101,356 0 NEUTRAL
COE Cooper Energy 0.62 3.3 2,023,908 0 NEUTRAL