Galaxy Resources

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder's Force Index

Score

1.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 46 10.2 0.52% 0.92% 5.7% -4.5% 18.0%
SHORT 46 7.2 0.70% 2.29% 5.3% -3.8% 116.4%

Summary

Technical Analysis

Galaxy Resources (GXY.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

BULLISH


Trading: BUY @ $1.035
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Galaxy Resources (ASX:GXY) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 109441.



Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;


PROFILE: Galaxy Resources (GXY.AX)


Stock Exchange: ASX
Company: Galaxy Resources
Ticker Codes: | GXY.AX | ASX:GXY |

About Galaxy Resources (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.

Top 10:

Elder's Force Index

Download
Company Close Change(%) Volume Value Signal
VTG Vita 1.5 17.2 2,188,039 516 BULLISH
OMH OM Holdings 0.48 9.1 115,969 40,086 BULLISH
CAT Catuity 2.12 8.2 378,234 194 BULLISH
ADH Adairs 2.59 7.9 5,215,203 67,417 BULLISH
SMX Sms Management & Technology 0.43 7.5 40,000 261 BULLISH
CDA Codan 8.49 7.1 1,047,595 21,164 BULLISH
AYS Amaysim Australia 0.34 6.3 179,377 11,296 BULLISH
BLD Boral 5.09 5.4 11,758,266 1,340 BULLISH
BKY Berkeley Resources 0.2 5.4 1,255,689 216,480 BULLISH
ORE Orocobre 3.45 4.2 2,138,378 13,685 BULLISH