Ramelius Resources

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

Strong Reversal

Score

0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 7 37.3 0.71% 2.50% 22.4% -7.2% 97.9%
SHORT 8 57.6 0.50% 1.00% 16.1% -15.4% 2.8%

Summary

Technical Analysis

Ramelius Resources (RMS.AX)


Indicator:

JAPANESE CANDLE


Last Signal:


Trading: POSITION @ $1.195
Signal Strength: STRONG
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Ramelius Resources (ASX:RMS) No strong reversal signals currently present. Previous signals for RMS include:


No Bullish Engulfing formations in the last 12 months


[BEARISH]: Ramelius Resources has formed a hangingman reversal pattern 364 days ago on the 19 Feb 2019. RMS has traded significantly high than the stocks opening price, which was followed by a short term rally closing in the lower shadow of the days trading range. This indicates that the market is trying to determine the top of the short term uptrend.


No Bullish Engulfing formations in the last 12 months.


No Bear Engulfing formations in the last 12 months.


[BEARISH]: Ramelius Resources has formed a bearish Dark Cloud Cover reversal pattern 76 days ago on the 04 Dec 2019. This means, RMS has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.


[BULLISH]: Ramelius Resources has formed a Bullish Piercing reversal pattern 161 days ago on the 10 Sep 2019. This means, RMS has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.


PROFILE: Ramelius Resources (RMS.AX)


Stock Exchange: ASX
Company: Ramelius Resources
Ticker Codes: | RMS.AX | ASX:RMS |

About Ramelius Resources (ASX:RMS):

Ramelius Resources Limited, together with its subsidiaries, engages in the exploration, mine development and operation, and production and sale of gold in Australia. The company holds interest in the Mt Magnet gold project located within the north-south striking Meekatharra-Mt Magnet greenstone belt of the Western Australian Murchison province; and the Vivien gold deposit located to the west of the town of Leinster in Western Australia. It also has interests in the Water Tank Hill/St George deposits in Western Australia; the Coogee gold project in Western Australia; the Kathleen Valley gold project in Western Australia; and the Tanami joint venture gold project in Northern Territory; and the exploration permit for minerals holdings in north Queensland. Ramelius Resources Limited is headquartered in East Perth, Australia.

Top 10:

Strong Reversal

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