Tennant Creek Gold

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

Momentum Oscillator

Score

-2.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 12.5 0.21% 0.24% 6.3% -5.6% -101.4%
SHORT 30 13.5 0.30% 0.38% 5.9% -6.1% -93.7%

Summary

Technical Analysis


Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.

Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];


PROFILE: Tennant Creek Gold (TNG.AX)


Stock Exchange: ASX
Company: Tennant Creek Gold
Ticker Codes: | TNG.AX | ASX:TNG |

About Tennant Creek Gold (ASX:TNG):

TNG Limited engages in the exploration, evaluation, and development of mineral properties in the Northern Territory and Western Australia in Australia. It explores for iron ore, vanadium, titanium, gold, lead, zinc, silver, nickel, and copper deposits. The company's flagship property is the 100% owned Mount Peake Vanadium-Titanium-Iron Project located to the northwest of Alice Springs in Arunta Geological Province in the Northern Territory. TNG Limited is based in Subiaco, Australia.

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Momentum Oscillator

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