|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
No data available.
Galaxy Resources (GXY.AX)
Trading: SELL @ $1.13
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Galaxy Resources (ASX:GXY) has a current Supertrend of 1.2325. This has change 0 points from yesterday.
The Supertrend is a trend following indicator which identifies uptrends and downtrends. The SuperTrend indicator is calculated utilising the ATR to offset the indicator from the common price. Before understanding the supertrend indicator, understanding the ATR is essential as super trend employs ATR values to calculate the indicator values. This indicator fluctuates above and below 0 signalling the current direction of the trend. This is a lagging trend indicator that assists in defining trend directions does not perform well in ranging markets.
Calculation: Supertrend (SUP) :
1) Basic Upper band = (High + Low) / 2 + Multiplier * ATR;
2) Basic Lower band = (High + Low) / 2 - Multiplier * ATR
3) Final Upper band = IF((Basic Upper band < Final Upper band(yest)) OR (Close(yest) > Previous Final Upper band(yest))) THEN (Basic Upper band) ELSE Final Upper band(yest));
4) Final Lower band = IF((Basic Lower band > Final Lowerband (yest)) OR (Close(yest) < Final Lower band(yest))) THEN (Basic Lower band) ELSE Final Lower band(yest));
5) Supertrend = IF(Close <= Final Upper band ) THEN Final Upper band ELSE Final Lower band;
Where Multiplier = 3; Period=14
PROFILE: Galaxy Resources (GXY.AX)
Stock Exchange: ASX
Company: Galaxy Resources
Ticker Codes: | GXY.AX | ASX:GXY |
Galaxy Resources Limited engages in the production of lithium concentrate, and exploration of minerals in Australia, Canada, and Argentina. The company holds interests in the Sal de Vida brine project in Argentina; the Mt Cattlin spodumene mine in Western Australia; and the James Bay spodumene project in Quebec, Canada. Galaxy Resources Limited is based in Applecross, Australia.
|BOC Bougainville Copper||0.14||17.4||108,996||0.04||BULLISH|
|MNS Milnes Holdings||0.19||8.8||927,235||0||BULLISH|
|ONE Oneview Healthcare||0.29||7.4||3,200||0.03||BULLISH|
|BRN Brainchip Holdings||0.05||6.7||3,264,414||-0.01||BULLISH|
|SDA Speedcast International||1.24||6||4,505,876||0.37||BULLISH|
|ZEL Zeolite Australia||5.26||5||38,386||-0.28||BULLISH|
|SYR Syrah Resources||0.54||4.9||2,557,693||-0.08||BULLISH|