St Barbara Mines

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

Range Change

Score

-1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 91 5.0 0.45% 0.73% 2.4% -2.6% -46.6%
SHORT 91 5.0 0.44% 0.74% 2.6% -2.8% -44.2%

Summary

Technical Analysis

St Barbara Mines (SBM.AX)


Indicator:

RANGE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $2.67
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.


St Barbara Mines (ASX:SBM) buyers are becoming less eager.There has been 2 consecutive days of range decrease for SBM reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2200 & the greatest daily price range this year has been $2.8400. The price range ratio this week versus the quarterly price range is 0.9x & the price range ratio this month versus the year to date price range is 0.1x.



The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;


PROFILE: St Barbara Mines (SBM.AX)


Stock Exchange: ASX
Company: St Barbara Mines
Ticker Codes: | SBM.AX | ASX:SBM |

About St Barbara Mines (ASX:SBM):

St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold. It operates through two segments, Leonora Operations and Simberi Operations. The company primarily explores for gold and copper-gold porphyry deposits. Its properties include the Gwalia underground mine located in Leonora, Western Australia; and the Simberi gold mine located in New Ireland province, Papua New Guinea. St Barbara Limited was incorporated in 1969 and is based in Melbourne, Australia.

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