Sandfire Resources

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%

What indicators would you like to backtest?

Trading Performance

Daily Volume Index

Score

-1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 14.0 0.50% 0.79% 2.6% -3.6% -21.7%
SHORT 20 23.2 0.20% 0.25% 9.8% -4.6% -34.8%

Summary

Technical Analysis

Sandfire Resources (SFR.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $6.28
Signal Strength: STRONG
Recommendation:

Sandfire Resources (ASX:SFR) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -3488.


A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


PROFILE: Sandfire Resources (SFR.AX)


Stock Exchange: ASX
Company: Sandfire Resources
Ticker Codes: | SFR.AX | ASX:SFR |

About Sandfire Resources (ASX:SFR):

Sandfire Resources NL engages in the exploration and evaluation of the mineral tenements in Australia and internationally. It operates through two segments, DeGrussa Copper Mine; and Exploration and Evaluation. The company explores for copper, gold, and silver, as well as volcanogenic massive sulphide deposits. Its flagship project is the DeGrussa copper-gold mine located in the Bryah Basin mineral province of Western Australia. Sandfire Resources NL is based in West Perth, Australia.

Top 10:

Daily Volume Index

Download
Company Close Change(%) Volume Value Signal
APL Australian Plantation Timber 0.94 0.5 796,838 -176 BEARISH CROSSOVER
ORA Orora 3.23 0.3 7,288,520 -984 BEARISH CROSSOVER
CMA Centuria Metropolitan 2.89 -0.3 1,164,521 -112 BEARISH CROSSOVER
VCX Vicinity Centres 2.63 -0.4 12,422,996 -1,016 BEARISH CROSSOVER
ALL Aristocrat Leisure 30.81 -0.5 1,374,047 -418 BEARISH CROSSOVER
TRS Reject Shop 2.01 -0.5 38,563 -110 BEARISH CROSSOVER
OGC Oceanagold Corporation 4.33 -0.5 823,694 -24 BEARISH CROSSOVER
ANN Ansell 26.67 -1.2 471,684 -321 BEARISH CROSSOVER
PPT Perpetual Trustees Australia 42.06 -1.4 161,986 -12 BEARISH CROSSOVER
VRT Virtus Health 4.62 -1.7 300,006 -107 BEARISH CROSSOVER