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%

What indicators would you like to backtest?

Trading Performance

Range Change

Score

0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 85 5.0 0.33% 0.47% 7.2% -3.0% 24.1%
SHORT 86 5.5 0.45% 0.78% 5.6% -3.4% 46.1%

Summary

Technical Analysis

Orocobre (ORE.AX)


Indicator:

RANGE CHANGE


Last Signal:

BULLISH


Trading: BUY @ $2.74
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Orocobre (ASX:ORE) sellers are becoming less eager. This is the first day sellers have decreased eagerness for ORE reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.2100 & the greatest daily price range this year has been $1.3200. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 0.2x.



The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;


PROFILE: Orocobre (ORE.AX)


Stock Exchange: ASX
Company: Orocobre
Ticker Codes: | ORE.AX | ASX:ORE |

About Orocobre (ASX:ORE):

Orocobre Limited explores for and develops lithium and potash deposits in Argentina. Its flagship project is the Salar de Olaroz lithium project located in north-west province of Jujuy. The company also produces boron minerals and refined chemicals. Orocobre Limited is based in Milton, Australia.

Top 10:

Range Change

Download
Company Close Change(%) Volume Value Signal
PNC Pioneer Credit 2.35 4.4 105,156 0 BEARISH
CLQ Clean Teq Holdings 0.37 4.2 1,734,161 0 BEARISH
DCN Dacian Gold 0.61 2.5 4,515,101 0 BEARISH
GXY Galaxy Resources 1.31 2.4 3,135,583 0 BEARISH
ECX Eclipx 1.49 1 2,437,198 -1 BEARISH
BAL Bellamys Australia 8.79 1 892,652 0 BEARISH
VOC Vocus Communications 3.08 1 2,944,202 -1 BEARISH
SXL Southern Cross Media 1.33 0.8 2,387,947 -1 BEARISH
CVC CVC 2.39 0.8 12,857 0 BEARISH
AHG Advance Healthcare 2.82 0.7 919,883 -1 BEARISH