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%

What indicators would you like to backtest?

Trading Performance

Elder Ray Index

Score

-1.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 53 9.6 0.62% 0.73% 1.3% -3.0% -91.3%
SHORT 52 6.0 0.73% 1.00% 1.9% -2.5% -23.6%

Summary

Technical Analysis

Terramin Australia (TZN.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.081
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Terramin Australia (ASX:TZN) Elder Ray Index is signalling a Bullish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


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.

Top 10:

Elder Ray Index

Download
Company Close Change(%) Volume Value Signal
MOY Millennium Minerals 0.1 22 12,026,126 0.2 BULLISH
ASL Ausdrill 1.74 10.5 8,810,838 0.04 BULLISH
CLQ Clean Teq Holdings 0.38 10.3 4,365,526 0.28 BULLISH
ONE Oneview Healthcare 0.23 9.5 232,054 0.06 BULLISH
RND Rand Mining 3.25 8.3 8,137 0.07 BULLISH
ALK Alkane Exploration 0.46 7.1 4,445,709 0.23 BULLISH
TLG Talga Gold 0.49 6.6 113,070 0.3 BULLISH
BTI Bailador Technology Investments 1.03 6.2 579,514 0 BULLISH
DNA Donaco International 0.11 4.8 2,736,673 0.01 BULLISH
MAH Macmahon 0.22 4.8 908,462 0.07 BULLISH