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

Daily Volume Index

Score

-0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 24 21.3 0.29% 0.39% 21.1% -3.8% 78.7%
SHORT 25 10.4 0.32% 0.47% 4.6% -5.4% -55.2%

Summary

Technical Analysis

Ramelius Resources (RMS.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $0.905
Signal Strength: STRONG
Recommendation:

Ramelius Resources (ASX:RMS) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -6385.


A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


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:

Daily Volume Index

Download
Company Close Change(%) Volume Value Signal
HFR Highfield Resources 0.67 9 22,865 565 BULLISH
LYC Lynas Corporation 2.58 8.9 9,724,310 44,709 BULLISH
ISD Isentia 0.26 8.3 518,734 60,428 BULLISH
MLX Metals X 0.11 8.2 3,754,499 8,397 BULLISH
PTM Platinum Asset Management 4.55 7.6 1,696,244 1,031 BULLISH
IMF IMF 3.81 6.7 2,751,384 2,069 BULLISH
IMD Imdex 1.6 6 762,604 311 BULLISH
BSL Bluescope Steel 15.21 5.2 2,787,185 3,279 BULLISH
RWC Reliance Worldwide Corporation 4.18 4.8 2,029,284 917 BULLISH
BSE BSE 0.23 4.5 2,037,922 6,598 BULLISH