Trading indicator
MACDBacktest 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% |
Trading Performance
MACD
Score
-2.7
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 24 | 15.5 | 0.13% | 0.14% | 11.1% | -8.1% | -136.9% |
| SHORT | 24 | 16.4 | 0.29% | 0.37% | 6.1% | -6.4% | -79.3% |
Summary
Technical Analysis
Terramin Australia (TZN.AX)
Indicator:
MACD
Last Signal:
BULLISH
Trading: HOLD @ $0.084
Signal Strength: STRONG
Recommendation:
Terramin Australia (ASX:TZN) currently has positive MACD of 0.002. Currently the signal line is greater than the MACD line signalling a bullish movement.
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
Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).
Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;
PROFILE: Terramin Australia (TZN.AX)
Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | 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.
Top 10:
MACD
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| PRU Perseus Mining | 0.61 | 21 | 11,469,507 | 0.02 | BULLISH |
| WAF West African Resources | 0.33 | 16.1 | 4,518,149 | 0 | BULLISH |
| RSG Resolute Mining | 1.19 | 10.2 | 15,246,642 | 0.01 | BULLISH |
| SBM St Barbara Mines | 2.94 | 10.1 | 10,915,698 | 0.06 | BULLISH |
| NST Northern Star Resources | 11.69 | 9.3 | 7,110,929 | 0.16 | BULLISH |
| CII Ci Resources | 1.5 | 8.7 | 25,410 | 0.02 | BULLISH |
| APD Apn Property | 0.51 | 8.6 | 192,400 | 0.01 | BULLISH |
| AGG Anglogold Ashanti | 4.87 | 8 | 18,113 | 0.08 | BULLISH |
| AJX Alexium International | 0.14 | 7.7 | 338,030 | 0 | BULLISH |
| EVN Evolution Mining | 4.39 | 7.1 | 18,630,358 | 0.03 | BULLISH |