Silver Lake 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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Rate of Change

Score

0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 29.2 0.29% 0.36% 32.0% -5.0% 73.5%
SHORT 14 20.3 0.14% 0.17% 22.9% -6.2% -28.8%

Summary

Technical Analysis

Silver Lake Resources (SLR.AX)


Indicator:

RATE OF CHANGE


Last Signal:

BEARISH


Trading: SELL @ $1.12
Signal Strength: MEDIUM
Recommendation:

Silver Lake Resources (ASX:SLR) currently has negative rate of change of -22.491%. This means the current price is less than the price 14 days ago and therefore losing momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.

Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100


PROFILE: Silver Lake Resources (SLR.AX)


Stock Exchange: ASX
Company: Silver Lake Resources
Ticker Codes: | SLR.AX | ASX:SLR |

About Silver Lake Resources (ASX:SLR):

Silver Lake Resources Limited, together with its subsidiaries, operates as a gold producing and exploration company in Australia. It also explores for silver deposits. The company holds interests in the Mount Monger goldfield project located within the Kalgoorlie terrane subdivision of the Eastern Goldfields province. Silver Lake Resources Limited is headquartered in South Perth, Australia.

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