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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Trading Performance

Volume Rate of Change

Score

-0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 51 8.1 0.59% 0.97% 4.0% -2.9% 32.6%
SHORT 53 7.2 0.55% 1.04% 3.8% -6.3% -65.2%

Summary

Technical Analysis

Silver Lake Resources (SLR.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $1.45
Signal Strength: MEDIUM
Recommendation:

Silver Lake Resources (ASX:SLR) currently has negative rate of change of -74%. This means the current volume 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


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];


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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Volume Rate of Change

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EVN Evolution Mining 4.83 3.6 13,477,838 -26 BEARISH CROSSOVER
BRN Brainchip Holdings 0.06 3.2 1,984,437 -74 BEARISH CROSSOVER