Ramelius Resources

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

Fibonacci Retracements

Score

-0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 18 23.4 0.22% 0.29% 23.3% -4.2% 33.8%
SHORT 18 18.8 0.28% 0.36% 6.2% -5.0% -39.8%

Summary

Technical Analysis

Ramelius Resources (RMS.AX)


Indicator:

FIBONACCI RETRACTION


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Ramelius Resources (ASX:RMS) : The current Fibonacci Retraction levels are:
(23.61%) $0.94
(38.2%) $0.74
(50%) $0.72
(61.8%) $0.69

The current support levels are:
(78.6%) $0.66
(100%) $0.63
(138.2%) $0.56
(161.8%) $0.51
(261.8%) $0.33
(423.61%) $0.04



A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 100%,


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:

Fibonacci Retracements

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