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%

What indicators would you like to backtest?

Trading Performance

Simple Moving Average

Score

-1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 21 17.5 0.24% 0.31% 8.9% -4.8% -32.8%
SHORT 20 19.7 0.20% 0.25% 10.3% -4.8% -36.3%

Summary

Technical Analysis

Western Areas (WSA.AX)


Indicator:

SIMPLE MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $2.38
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Western Areas (ASX:WSA) currently has a confirmed uptrend. This means the SMA 15 day average has exceeded the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -2.5%.



A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.

Calculation: Simple Moving Average:
1) SMA: n period sum / n;


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:

Simple Moving Average

Download
Company Close Change(%) Volume Value Signal
DCN Dacian Gold 0.95 22.6 7,221,770 52.8 BULLISH
RFG Retail Food 0.21 13.9 602,168 13.9 BULLISH
FXL Flexigroup 1.83 10.6 3,158,739 10.6 BULLISH
CGS Cogstate 0.22 10 8,100 13.6 BULLISH
EWC Energy World Corporation 0.1 9.2 682,001 27.2 BULLISH
PRU Perseus Mining 0.77 8.5 17,484,605 20.1 BULLISH
RMS Ramelius Resources 0.86 8.2 7,633,542 11 BULLISH
CDV Cardinal Resources 0.37 5.7 766,151 8.4 BULLISH
PGC Paragon Care 0.5 5.3 921,899 9.4 BULLISH
RSG Resolute Mining 1.82 4.6 12,510,848 24.8 BULLISH