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

Daily Volume Index

Score

-1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 21 23.6 0.24% 0.29% 21.7% -4.6% 31.2%
SHORT 20 12.6 0.25% 0.33% 3.0% -4.6% -53.6%

Summary

Technical Analysis

Ramelius Resources (RMS.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.86
Signal Strength: MEDIUM
Recommendation:

Ramelius Resources (ASX:RMS) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 10472.


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

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Company Close Change(%) Volume Value Signal
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RAP Resapp Health 0.15 7.1 428,520 11,323 BULLISH
EZL Euroz 1.21 7.1 86,825 282 BULLISH
EML Emerchants 2.55 6.3 2,216,677 6,053 BULLISH
ADH Adairs 2.06 5.6 1,149,442 9,568 BULLISH
MTO Moto Goldmines 1.34 4.7 78,748 211 BULLISH
DFM Dongfang Modern Agriculture 0.88 4.1 241,557 712 BULLISH
DDR Dicker Data 5.16 4 280,998 779 BULLISH
ARA Ariadne Australia 0.65 4 6,000 66 BULLISH
IRD Iron Road 0.06 3.5 18,500 101 BULLISH