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

Average Directional Index

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 6 68.2 0.50% 1.00% 349.7% -18.0% 995.2%
SHORT 5 48.6 0.60% 1.50% 6.2% -11.5% -4.5%

Summary

Technical Analysis

Lynas Corporation (LYC.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

MEDIUM TREND


Trading: HOLD @ $2.64
Signal Strength: MEDIUM
Recommendation:

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.


Lynas Corporation (ASX:LYC) has confirmed a strong trend is present. Lynas Corporation has an ATR(14) of 0.158, a DX of 8.15 & an ADX(14) of 31.35



The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;


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:

Average Directional Index

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WSA Western Areas 2.09 4 2,506,748 -25.63 BEARISH
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