Newcrest Mining

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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Donchian Channels

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 25 18.1 0.24% 0.32% 12.1% -1.6% 41.9%
SHORT 26 15.8 0.38% 0.59% 6.2% -2.1% 26.7%

Summary

Technical Analysis


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: Newcrest Mining (NCM.AX)


Stock Exchange: ASX
Company: Newcrest Mining
Ticker Codes: | NCM.AX | ASX:NCM |

About Newcrest Mining (ASX:NCM):

Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and the sale of gold and gold/copper concentrates in Australia, Southeast Asia, and West Africa. It is also involved in the exploration of silver deposits. The company primarily owns and operates mines and projects located in Cadia and Telfer, Australia; Lihir, Papua New Guinea; Gosowong, Indonesia; Bonikro, Cote d'Ivoire in West Africa; and other projects. Newcrest Mining Limited was founded in 1966 and is headquartered in Melbourne, Australia.

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