Rand Mining

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

Fibonacci Retracements

Score

-1.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 16 24.5 0.13% 0.14% 34.2% -8.5% -51.1%
SHORT 17 21.6 0.41% 0.50% 2.9% -8.8% -103.8%

Summary

Technical Analysis

Rand Mining (RND.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.


Rand Mining (ASX:RND) : The current Fibonacci Retraction levels are:
(23.61%) $2.28
(38.2%) $2.34
(50%) $2.39
(61.8%) $2.44

The current support levels are:
(78.6%) $2.51
(100%) $2.6
(138.2%) $2.76
(161.8%) $2.86
(261.8%) $3.28
(423.61%) $3.96



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: Rand Mining (RND.AX)


Stock Exchange: ASX
Company: Rand Mining
Ticker Codes: | RND.AX | ASX:RND |

About Rand Mining (ASX:RND):

Rand Mining Limited explores, develops, and produces mineral resources. The company primarily explores for gold and silver in Australia. It also holds Tapeta iron ore project covering an area of 599.82 square kilometers located in Northern-Central Liberia, West Africa. The company is based in South Perth, Australia.

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