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

Bill Williams Market Index

Score

0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 53 5.0 0.49% 0.96% 36.4% -3.5% 852.4%
SHORT 53 10.6 0.53% 0.97% 6.3% -7.9% -51.0%

Summary

Technical Analysis

Lynas Corporation (LYC.AX)


Indicator:

MARKET FACILITATION INDEX


Last Signal:

BEARISH


Trading: SELL @ $2.64
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.


Lynas Corporation (ASX:LYC) Currently is a confirmed Fake Day.



The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.

Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;


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:

Bill Williams Market Index

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Company Close Change(%) Volume Value Signal
CSV CSG 0.17 26.9 1,235,815 0 NEUTRAL
PNR Pacific Niugini Minerals 0.2 21.2 8,666,174 0 NEUTRAL
PRU Perseus Mining 0.61 21 11,469,507 0 NEUTRAL
WAF West African Resources 0.33 16.1 4,518,149 0 NEUTRAL
MOY Millennium Minerals 0.07 15.8 5,801,793 0 NEUTRAL
AJM Altura Mining 0.11 14.6 11,815,602 0 NEUTRAL
RSG Resolute Mining 1.19 10.2 15,246,642 0 NEUTRAL
SBM St Barbara Mines 2.94 10.1 10,915,698 0 NEUTRAL
BOC Bougainville Copper 0.12 9.1 27,100 0 NEUTRAL
WGX Westgold Resources 1.78 8.9 1,219,326 0 NEUTRAL