Rio Tinto

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

Bollinger Bands

Score

0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 25 17.4 0.40% 0.67% 6.8% -1.5% 44.7%
SHORT 24 13.9 0.25% 0.33% 2.9% -1.8% -15.5%

Summary

Technical Analysis


The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


PROFILE: Rio Tinto (RIO.AX)


Stock Exchange: ASX
Company: Rio Tinto
Ticker Codes: | RIO.AX | ASX:RIO |

About Rio Tinto (ASX:RIO):

Rio Tinto Limited engages in finding, mining, and processing mineral resources primarily in Australia and North America. It offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, thermal and metallurgical coal, uranium, silver, molybdenum, sulphuric acid, rhenium, lead carbonate, selenium, ductile iron, steel billets, metal powders, and zircon. The company also operates in Asia, Europe, Africa, and South America. Rio Tinto Limited was incorporated in 1959 and is headquartered in Melbourne, Australia.

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Bollinger Bands

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VGL Volante 5.8 6.4 1,417 57.88 BULLISH
IMD Imdex 1.1 5.8 2,149,957 37.79 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 67.5 BULLISH
SAR Saracen Mineral 3.66 5.5 4,153,957 68.83 BULLISH
FMG Fortescue Metals 8.8 5.4 17,285,949 28.34 BULLISH
PRU Perseus Mining 0.5 5.3 6,327,147 70.06 BULLISH
DNA Donaco International 0.11 5 843,519 34.44 BULLISH