Iluka 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

% Volume Oscillator

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 11.2 0.50% 0.94% 2.9% -2.1% 9.5%
SHORT 31 13.5 0.48% 0.94% 4.8% -3.7% 12.7%

Summary

Technical Analysis

Iluka Resources (ILU.AX)


Indicator:

% VOLUME OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $9.1
Signal Strength: MEDIUM
Recommendation:

Iluka Resources (ASX:ILU) currently has negative PVO -2.44%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.4%.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO) it is shown with a signal line a histogram and a centreline.

Calculation: Percentage Volume Oscillator (PVO):
1) Percentage Volume Oscillator (PVO): ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100;
2) Signal Line: 9-day EMA of PVO; 3) Histogram: PVO - Signal Line;


PROFILE: Iluka Resources (ILU.AX)


Stock Exchange: ASX
Company: Iluka Resources
Ticker Codes: | ILU.AX | ASX:ILU |

About Iluka Resources (ASX:ILU):

Iluka Resources Limited engages in the exploration, project development, mining, processing, and marketing of mineral sands. The company operates through Australia, Sierra Rutile, United States, and Mining Area C segments. It produces zircon; titanium dioxide products of rutile and synthetic rutile; and ilmenite, as well as activated carbon and iron concentrate products. The company's products are used in home, workplace, medical, lifestyle, and industrial applications. It has operations in China, rest of Asia, Europe, the Americas, and internationally. The company was formerly known as Westralian Sands Limited and changed its name to Iluka Resources Limited in May 1999. Iluka Resources Limited was founded in 1954 and is based in Perth, Australia.

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