Terramin Australia

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

Accumulation Distribution

Score

-2.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 20 14.8 0.20% 0.22% 4.3% -6.9% -107.3%
SHORT 20 22.9 0.55% 0.69% 2.6% -4.3% -39.8%

Summary

Technical Analysis

Terramin Australia (TZN.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH


Trading: HOLD @ $0.092
Signal Strength: MEDIUM
Recommendation:

Terramin Australia (ASX:TZN) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 29960.3. day. During the quarter, the highest ADLINE value was 29960.3.


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.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Terramin Australia (TZN.AX)


Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | ASX:TZN |

About Terramin Australia (ASX:TZN):

Terramin Australia Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of base and precious metals, and other economic mineral deposits in Australia and internationally. The company primarily explores for zinc, lead, gold, copper, and rare earth elements. Its flagship project is the Tala Hamza zinc project located on the Mediterranean coast in Algeria. The company was incorporated in 1993 and is based in Fullarton, Australia.

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Accumulation Distribution

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EVO Evolve Education 0.14 16.7 7,630,518 418,126.6 BULLISH
CUV Clinuvel Pharmaceuticals 31.19 8.3 136,460 41,676.3 BULLISH
LYC Lynas Corporation 2.43 7.5 23,854,412 631,382.1 BULLISH
PLS Pilbara Minerals 0.84 7.1 14,160,985 1,863,477 BULLISH
EOS Electro Optic Systems Holdings 3.31 7.1 200,801 9,594.8 BULLISH
CWP Cedar Woods Properties 5.87 6.7 89,806 14,753.3 BULLISH
GXY Galaxy Resources 1.79 6.2 4,771,486 495,260 BULLISH
SWM Seven West Media 0.53 6 4,363,523 482,388.5 BULLISH
GRR Grange Resources 0.28 5.8 2,503,451 1,122,412.5 BULLISH
ORE Orocobre 3.72 5.7 2,070,172 171,710.7 BULLISH