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

Pivot Points

Score

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 82 5.6 0.39% 0.57% 3.8% -3.3% -64.8%
SHORT 83 5.1 0.41% 0.62% 5.4% -2.9% 22.8%

Summary

Technical Analysis

GTN Resources (GTN.AX)


Indicator:

PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


GTN Resources (ASX:GTN) current pivot point is: $ 1.073.
The current resistance levels are:
(R1) $1.126
(R2) $1.153
(R3) $1.206

The current support levels are:
(S1) $1.046
(S2) $0.993
(S3) $0.966



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


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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