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

Simple Moving Average

Score

-0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 9.1 0.18% 0.21% 13.3% -4.0% -38.5%
SHORT 41 10.6 0.34% 0.45% 9.1% -3.1% 32.2%

Summary

Technical Analysis

GTN Resources (GTN.AX)


Indicator:

SIMPLE MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $1.28
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


GTN Resources (ASX:GTN) currently has a confirmed downtrend. This means the SMA 15 day average has moved below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -1.5%.



A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.

Calculation: Simple Moving Average:
1) SMA: n period sum / n;


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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