Resolute 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

Momentum Oscillator

Score

0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 31 11.7 0.35% 0.50% 8.0% -3.3% 15.8%
SHORT 32 12.1 0.28% 0.38% 8.2% -3.4% -7.4%

Summary

Technical Analysis

Resolute Mining (RSG.AX)


Indicator:

MOMENTUM


Last Signal:

BEARISH


Trading: SELL @ $1.175
Signal Strength: MEDIUM
Recommendation:

Resolute Mining (ASX:RSG) currently has negative momentum of -0.06 This means the current price is less than the price 14 days ago and therefore losing momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.

Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];


PROFILE: Resolute Mining (RSG.AX)


Stock Exchange: ASX
Company: Resolute Mining
Ticker Codes: | RSG.AX | ASX:RSG |

About Resolute Mining (ASX:RSG):

Resolute Mining Limited engages in the mining, exploration, development, and production of gold properties in Africa and Australia. The company is also involved in the prospecting and exploration of minerals. Its flagship project is the Syama Gold Mine located in West Africa. The company was incorporated in 2001 and is based in Perth, Australia.

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