Lynas Corporation

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

Donchian Channels



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 21 20.8 0.43% 0.75% 17.9% -5.1% 99.1%
SHORT 21 15.7 0.24% 0.31% 10.5% -11.0% -123.1%


Technical Analysis

Lynas Corporation (LYC.AX)



Last Signal:


Trading: HOLD @ $2.77
Signal Strength: STRONG

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.

Lynas Corporation (ASX:LYC) is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;

PROFILE: Lynas Corporation (LYC.AX)

Stock Exchange: ASX
Company: Lynas Corporation
Ticker Codes: | LYC.AX | ASX:LYC |

About Lynas Corporation (ASX:LYC):

Lynas Corporation Limited, together with its subsidiaries, engages in the exploration, development, mining, and processing of rare earth minerals in Australia and Malaysia. The company holds interest in the Mount Weld project in Western Australia. It also owns and operates Lynas advanced materials plant located in Malaysia; and Mt. Weld concentration plant located in Western Australia. The company was incorporated in 1983 and is headquartered in Kuantan, Malaysia.

Top 10:

Donchian Channels

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DWS DWS 1.13 6.6 119,422 46.08 BULLISH
VGL Volante 5.8 6.4 1,417 50 BULLISH
IMD Imdex 1.1 5.8 2,149,957 43.55 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 50 BULLISH
SAR Saracen Mineral 3.66 5.5 4,153,957 44.74 BULLISH
PRU Perseus Mining 0.5 5.3 6,327,147 50 BULLISH
CIA Champion Iron 3.24 4.9 531,475 40.91 BULLISH
EVN Evolution Mining 4.13 4.8 11,519,500 42.19 BULLISH