GTN 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

Volume Rate of Change

Score

1.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 96 4.6 0.60% 1.00% 3.1% -2.1% 57.7%
SHORT 95 4.9 0.66% 1.37% 3.7% -2.0% 143.5%

Summary

Technical Analysis

GTN Resources (GTN.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $1.1
Signal Strength: MEDIUM
Recommendation:

GTN Resources (ASX:GTN) currently has positive volume of change of 233%. This means the current volume 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


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];


PROFILE: GTN Resources (GTN.AX)


Stock Exchange: ASX
Company: GTN Resources
Ticker Codes: | GTN.AX | ASX:GTN |

About GTN Resources (ASX:GTN):

King Island Scheelite Limited, together with its subsidiaries, engages in the exploration, development, and production of tungsten deposits in Australia. It primarily holds a 100% interest in the Dolphin Project located in King Island. The company was formerly known as GTN Resources Limited and changed its name to King Island Scheelite Limited in October 2005. King Island Scheelite Limited was incorporated in 1966 and is based in Sydney, Australia.

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