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%

What indicators would you like to backtest?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Chaikin Money Flow

Score

-0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 51.8 0.25% 0.33% 4.8% -15.0% -80.2%
SHORT 8 33.5 0.25% 0.33% 23.9% -7.2% 4.5%

Summary

Technical Analysis

GTN Resources (GTN.AX)


Indicator:

CHAIKIN MONEY FLOW


Last Signal:

BEARISH


Trading: SELL @ $0.84
Signal Strength: MEDIUM
Recommendation:

GTN Resources (ASX:GTN) current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.58. GTN.AXThe bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.58 occurring on the Aug 2 2019.


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

Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.

Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume;


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.

Top 10:

Chaikin Money Flow

Download
Company Close Change(%) Volume Value Signal
CCP Credit Corp 27.27 13.3 452,171 -0.14 BEARISH
AFL ASX 50 0.2 11.1 4,347 -0.12 BEARISH
SWM Seven West Media 0.4 6.7 22,528,171 -0.13 BEARISH
DNK Danakali 0.67 4.7 143,231 -0.18 BEARISH
MOY Millennium Minerals 0.13 4.2 1,692,090 -0.13 BEARISH
GSW Getswift 0.25 4.2 499,320 -0.37 BEARISH
LVH Livehire 0.26 4 304,869 -0.17 BEARISH
COH Cochlear 209.43 3.9 588,882 -0.06 BEARISH
CYB Cybg 2.48 3.8 5,776,731 -0.17 BEARISH
PNC Pioneer Credit 2.49 3.8 102,033 -0.23 BEARISH