Grange 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

Commodity Channel Index

Score

-1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 58 7.1 0.57% 0.83% 3.2% -3.1% -17.2%
SHORT 58 7.2 0.55% 0.82% 2.4% -4.2% -85.6%

Summary

Technical Analysis

Grange Resources (GRR.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.27
Signal Strength: MEDIUM
Recommendation:

Grange Resources (ASX:GRR) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 68. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -119.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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: 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:

Commodity Channel Index

Download
Company Close Change(%) Volume Value Signal
BRN Brainchip Holdings 0.08 11.6 9,040,170 114 BULLISH
SLR Silver Lake Resources 0.94 8.7 10,759,307 263 BULLISH
NAN Nanosonics 5.36 8.7 2,348,894 276 BULLISH
RAP Resapp Health 0.2 8.3 2,913,547 163 BULLISH
CUV Clinuvel Pharmaceuticals 36.49 7 293,452 141 BULLISH
OMH OM Holdings 0.92 5.8 56,591 129 BULLISH
BWX BWX 2.23 5.2 695,496 182 BULLISH
IRI Integrated Research 3.15 5 286,098 109 BULLISH
CWY Cleanaway Waste Management 2.37 4.9 5,497,121 387 BULLISH
PRU Perseus Mining 0.52 4 9,497,712 290 BULLISH