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

Pivot Points

Score

0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 113 3.8 0.48% 0.83% 2.9% -2.1% 16.8%
SHORT 114 4.6 0.40% 0.63% 4.4% -2.7% 6.8%

Summary

Technical Analysis

Resolute Mining (RSG.AX)


Indicator:

PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Resolute Mining (ASX:RSG) current pivot point is: $ 1.16.
The current resistance levels are:
(R1) $1.18
(R2) $1.21
(R3) $1.23

The current support levels are:
(S1) $1.13
(S2) $1.11
(S3) $1.08



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


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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