Millennium Minerals

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

Daily Volume Index

Score

-1.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 13.5 0.23% 0.28% 8.2% -10.0% -138.5%
SHORT 22 20.1 0.41% 0.64% 12.4% -13.1% -71.8%

Summary

Technical Analysis

Millennium Minerals (MOY.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.051
Signal Strength: MEDIUM
Recommendation:

Millennium Minerals (ASX:MOY) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -17618.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


PROFILE: Millennium Minerals (MOY.AX)


Stock Exchange: ASX
Company: Millennium Minerals
Ticker Codes: | MOY.AX | ASX:MOY |

About Millennium Minerals (ASX:MOY):

Millennium Minerals Limited explores for, develops, mines, and processes gold properties in Australia. It holds a 100% interest in the Nullagine gold project that covers an area of 276 square kilometers located in the East Pilbara of Western Australia. The company is based in Belmont, Australia.

Top 10:

Daily Volume Index

Download
Company Close Change(%) Volume Value Signal
AFL ASX 50 0.15 7.1 24,671 -20 BEARISH
BKY Berkeley Resources 0.25 6.5 1,484 -328 BEARISH
IRD Iron Road 0.05 5.9 106,208 -103 BEARISH
MYX Myx 0.47 5.7 4,922,554 -8,145 BEARISH
MEZ Meridian Energy 4.47 5.4 59,827 -235 BEARISH
CDV Cardinal Resources 0.31 5.1 66,456 -3,599 BEARISH
AYS Amaysim Australia 0.39 4 98,562 -77 BEARISH
SXL Southern Cross Media 0.96 3.8 1,341,420 -1,436 BEARISH
CWY Cleanaway Waste Management 2.12 3.4 13,100,148 -25,846 BEARISH
EVO Evolve Education 0.15 3.4 2,579,553 -6,761 BEARISH