Western Areas

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

Volume Rate of Change

Score

0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 86 5.3 0.55% 1.12% 2.8% -3.0% 7.2%
SHORT 86 5.1 0.47% 0.77% 3.4% -2.5% 5.6%

Summary

Technical Analysis

Western Areas (WSA.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $2.09
Signal Strength: MEDIUM
Recommendation:

Western Areas (ASX:WSA) currently has positive volume of change of 98%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum.

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


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];


PROFILE: Western Areas (WSA.AX)


Stock Exchange: ASX
Company: Western Areas
Ticker Codes: | WSA.AX | ASX:WSA |

About Western Areas (ASX:WSA):

Western Areas Limited engages in the mining, processing, and sale of nickel sulphide concentrates. The company develops high grade nickel mines; and explores for nickel sulphides and other base metals in Australia, Canada, and Finland. Its flagship property is the Forrestania project located in Australia. The company was founded in 1999 and is headquartered in West Perth, Australia.

Top 10:

Volume Rate of Change

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Company Close Change(%) Volume Value Signal
CSV CSG 0.17 26.9 1,235,815 509 BULLISH
ADA Adacel Technologies 0.68 22.5 435,672 1,202 BULLISH
PRU Perseus Mining 0.61 21 11,469,507 538 BULLISH
WAF West African Resources 0.33 16.1 4,518,149 2,012 BULLISH
RMS Ramelius Resources 0.77 15.9 8,313,251 313 BULLISH
MOY Millennium Minerals 0.07 15.8 5,801,793 417 BULLISH
AJM Altura Mining 0.11 14.6 11,815,602 267 BULLISH
RSG Resolute Mining 1.19 10.2 15,246,642 57 BULLISH
SBM St Barbara Mines 2.94 10.1 10,915,698 94 BULLISH
NST Northern Star Resources 11.69 9.3 7,110,929 230 BULLISH