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

Ulcer Index

Score

-0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 41.7 0.33% 0.44% 6.2% -10.9% -73.7%
SHORT 12 7.8 0.58% 0.88% 4.1% -3.3% 2.9%

Summary

Technical Analysis

Terramin Australia (TZN.AX)


Indicator:

ULCER INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.084
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) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 19.97.



A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.

Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;


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:

Ulcer Index

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Company Close Change(%) Volume Value Signal
CSV CSG 0.17 26.9 1,235,815 0.86 BULLISH
ADA Adacel Technologies 0.68 22.5 435,672 4.47 BULLISH
PNR Pacific Niugini Minerals 0.2 21.2 8,666,174 1.43 BULLISH
PRU Perseus Mining 0.61 21 11,469,507 2.95 BULLISH
RMS Ramelius Resources 0.77 15.9 8,313,251 2.65 BULLISH
MOY Millennium Minerals 0.07 15.8 5,801,793 2.12 BULLISH
AJM Altura Mining 0.11 14.6 11,815,602 4.52 BULLISH
BOC Bougainville Copper 0.12 9.1 27,100 2.84 BULLISH
CII Ci Resources 1.5 8.7 25,410 2.87 BULLISH
APD Apn Property 0.51 8.6 192,400 1.98 BULLISH