Trading indicator
Moving Average EnvelopeTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Moving Average Envelope
Score
-1.3
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 12 | 14.1 | 0.25% | 0.33% | 5.9% | -7.6% | -50.5% |
| SHORT | 12 | 46.3 | 0.50% | 0.75% | 10.7% | -11.9% | -31.0% |
Summary
Technical Analysis
Terramin Australia (TZN.AX)
Indicator:
ENVELOPE BAND
Last Signal:
BEARISH
Trading: SELL @ $0.035
Signal Strength: MEDIUM
Recommendation:
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Terramin Australia (ASX:TZN) current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bearish trading conditions. Currently, the Lower Band is 0.038.
Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.
Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);
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:
Moving Average Envelope
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| LYC Lynas Corporation | 2.58 | 8.9 | 9,724,310 | 168.54 | BULLISH |
| ISD Isentia | 0.26 | 8.3 | 518,734 | 100 | BULLISH |
| PTM Platinum Asset Management | 4.55 | 7.6 | 1,696,244 | 4.97 | BULLISH |
| IMF IMF | 3.81 | 6.7 | 2,751,384 | 3.5 | BULLISH |
| BSL Bluescope Steel | 15.21 | 5.2 | 2,787,185 | 1.69 | BULLISH |
| RWC Reliance Worldwide Corporation | 4.18 | 4.8 | 2,029,284 | 41.85 | BULLISH |
| BFG Bell Financial | 1.15 | 4.5 | 338,716 | 20.83 | BULLISH |
| BSE BSE | 0.23 | 4.5 | 2,037,922 | 62.5 | BULLISH |
| MND Monadelphous | 17.47 | 4.5 | 518,378 | 66.97 | BULLISH |
| BSA Broadcast Services Australia | 0.4 | 3.9 | 307,029 | 48.39 | BULLISH |