Trading indicator
Close ChangeBacktest 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% |
Trading Performance
Close Change
Score
-1.7
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 130 | 3.8 | 0.33% | 0.48% | 2.6% | -1.6% | -29.2% |
| SHORT | 129 | 3.8 | 0.27% | 0.35% | 2.4% | -1.5% | -65.9% |
Summary
Technical Analysis
Regis Resources (RRL.AX)
Indicator:
PRICE CHANGE
Last Signal:
BEARISH
Trading: SELL @ $5.62
Signal Strength: WEAK
Recommendation:
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.
Regis Resources (ASX:RRL) sellers are keener than buyers and are driving the price down. This is the first day of price decline for RRL adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.9 & the greatest daily negative change this year has been -4.6. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -6.8%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -1.9%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 2.5x. Over the last month the average daily downward movement has been -1.200000%
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: Regis Resources (RRL.AX)
Stock Exchange: ASX
Company: Regis Resources
Ticker Codes: | RRL.AX | ASX:RRL |
Regis Resources Limited, together with its subsidiaries, explores for, evaluates, and develops gold projects in Australia. The company owns 100% interest in the Duketon gold project located to the north of Laverton, Western Australia. It also owns interest in the McPhillamys gold project and Blayney gold project in New South Wales. Regis Resources Limited was founded in 1988 and is based in Subiaco, Australia.
Top 10:
Close Change
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| CCP Credit Corp | 26.9 | 0 | 186,190 | -1 | BEARISH CROSSOVER |
| BSL Bluescope Steel | 11.86 | -0.1 | 2,753,875 | -1 | BEARISH CROSSOVER |
| XTJ ASX 200 Telecomms | 1341.7 | -0.1 | 0 | -1 | BEARISH CROSSOVER |
| MFG Magellan Financial | 56.96 | -0.1 | 622,073 | -1 | BEARISH CROSSOVER |
| PPT Perpetual Trustees Australia | 44.05 | -0.1 | 117,407 | -1 | BEARISH CROSSOVER |
| SHL Sonic Healthcare | 27.62 | -0.1 | 521,677 | -1 | BEARISH CROSSOVER |
| HUO Huon Aquaculture | 4.74 | -0.2 | 2,297 | -1 | BEARISH CROSSOVER |
| LNK Link | 5.09 | -0.2 | 8,734,935 | -1 | BEARISH CROSSOVER |
| XAO All Ordinaries | 6788.8 | -0.2 | 0 | -1 | BEARISH CROSSOVER |
| AFI Australian Foundation | 6.28 | -0.2 | 255,893 | -1 | BEARISH CROSSOVER |