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%

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Trading Performance

Daily Volume Index



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%


Technical Analysis

Sandfire Resources (SFR.AX)



Last Signal:


Trading: SELL @ $6.28
Signal Strength: STRONG

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.

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