Resolute Mining

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

Exponential Moving Average

Score

-1.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 45 8.9 0.20% 0.24% 6.1% -2.7% -46.2%
SHORT 44 9.4 0.23% 0.28% 5.8% -2.8% -41.8%

Summary

Technical Analysis

Resolute Mining (RSG.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $1.19
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Resolute Mining (ASX:RSG) currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 10.2%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


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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Exponential Moving Average

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