Milnes Holdings

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

Supertrend

Score

-80.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 1 717.0 0.00% 0.00% 0.0% -80.0% -80.0%

Summary

Technical Analysis

Milnes Holdings (MNS.AX)


Indicator:

SUPERTREND


Last Signal:

BEARISH


Trading: SELL @ $0.093
Signal Strength: STRONG
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.


Milnes Holdings (ASX:MNS) has a current Supertrend of 0.1255. This has change 0 points from yesterday.



The Supertrend is a trend following indicator which identifies uptrends and downtrends. The SuperTrend indicator is calculated utilising the ATR to offset the indicator from the common price. Before understanding the supertrend indicator, understanding the ATR is essential as super trend employs ATR values to calculate the indicator values. This indicator fluctuates above and below 0 signalling the current direction of the trend. This is a lagging trend indicator that assists in defining trend directions does not perform well in ranging markets.

Calculation: Supertrend (SUP) :
1) Basic Upper band = (High + Low) / 2 + Multiplier * ATR;
2) Basic Lower band = (High + Low) / 2 - Multiplier * ATR
3) Final Upper band = IF((Basic Upper band < Final Upper band(yest)) OR (Close(yest) > Previous Final Upper band(yest))) THEN (Basic Upper band) ELSE Final Upper band(yest));
4) Final Lower band = IF((Basic Lower band > Final Lowerband (yest)) OR (Close(yest) < Final Lower band(yest))) THEN (Basic Lower band) ELSE Final Lower band(yest));
5) Supertrend = IF(Close <= Final Upper band ) THEN Final Upper band ELSE Final Lower band;
Where Multiplier = 3; Period=14


PROFILE: Milnes Holdings (MNS.AX)


Stock Exchange: ASX
Company: Milnes Holdings
Ticker Codes: | MNS.AX | ASX:MNS |

About Milnes Holdings (ASX:MNS):

Magnis Resources Limited explores for and develops mineral properties in Australia and East Africa. The company explores for natural flake graphite for use in various industries primarily batteries for storing electrical energy. Its flagship project includes the Nachu graphite project located in south east Tanzania. The company was formerly known as Uranex Limited and changed its name to Magnis Resources Limited in September 2014. Magnis Resources Limited was incorporated in 2005 and is headquartered in Sydney, Australia.

Top 10:

Supertrend

Download
Company Close Change(%) Volume Value Signal
CII Ci Resources 1.34 16.1 7,170 -0.02 BULLISH
PNV Polynovo 1.94 11.8 11,074,353 -0.06 BULLISH
BFC Beston Global Food 0.09 10 383,135 -0.02 BULLISH
GXY Galaxy Resources 0.95 9.9 5,094,962 -0.12 BULLISH
HFR Highfield Resources 0.67 9 22,865 0.05 BULLISH
LYC Lynas Corporation 2.58 8.9 9,724,310 0.39 BULLISH
ISD Isentia 0.26 8.3 518,734 0.07 BULLISH
MLX Metals X 0.11 8.2 3,754,499 0 BULLISH
BVS Bravura Solutions 5.36 8.1 3,114,316 -0.45 BULLISH
PTM Platinum Asset Management 4.55 7.6 1,696,244 0.28 BULLISH