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

Close Change



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 121 4.0 0.32% 0.42% 3.7% -2.2% -59.9%
SHORT 120 4.0 0.29% 0.37% 2.6% -2.4% -136.8%


Technical Analysis

Ramelius Resources (RMS.AX)



Last Signal:


Trading: SELL @ $0.815
Signal Strength: WEAK

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. 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 bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.

Ramelius Resources (ASX:RMS) sellers are keener than buyers and are driving the price down. This is the first day of price decline for RMS adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -5.2 & the greatest daily negative change this year has been -94.5. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -104.3%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -104.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.5x. Over the last month the average daily downward movement has been -3.500000%

The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener

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.

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