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?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

MACD

Score

-0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 9 36.7 0.44% 0.67% 16.3% -7.3% 21.2%
SHORT 10 34.4 0.40% 0.50% 1.9% -7.4% -51.4%

Summary

Technical Analysis

Grange Resources (GRR.AX)


Indicator:

MACD


Last Signal:

BEARISH


Trading: SELL @ $0.22
Signal Strength: STRONG
Recommendation:

Grange Resources (ASX:GRR) currently has negative MACD of -0.0027. This means the signal line is less than the MACD line signalling a bearish movement.

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


Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;


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:

MACD

Download
Company Close Change(%) Volume Value Signal
AFL ASX 50 0.2 11.1 4,347 0 BULLISH
ATL ASX 20 0.43 10.4 117,204 0 BULLISH
AHG Advance Healthcare 3.21 4.6 663,989 0.01 BULLISH
CAJ Capitol Health 0.23 4.5 159,441 0.01 BULLISH
GSW Getswift 0.25 4.2 499,320 0.01 BULLISH
LVH Livehire 0.26 4 304,869 0.01 BULLISH
SHM Shriro 0.67 3.9 91,198 0 BULLISH
CYB Cybg 2.48 3.8 5,776,731 0.05 BULLISH
CAT Catuity 1.17 3.6 340,110 0.02 BULLISH
GMA Genworth Mortgage Insurance Australia 2.99 3.5 1,025,015 0.04 BULLISH