AGL Energy (AGL)

AGL Energy (AGL.AX)

Indicator:

DEMARK PIVOT POINT

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.

AGL Energy (ASX:AGL) current pivot point (DeMark) is:
(R1) $18.54.

The current pivot point (DeMark) is:
(S1) $18.15.

Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;

PROFILE: AGL Energy (AGL.AX)

Stock Exchange: ASX
Company: AGL Energy
Ticker Codes: | AGL.AX | ASX:AGL |

AGL Energy Limited, an integrated energy company, provides electricity, gas, and related products and services to consumer, business, and wholesale customers in Australia. The company conducts its operations through Energy Markets, Group Operations, and Investments segments. It generates electricity through thermal, natural gas and storage, hydro, and wind power generation plants. The company operates electricity generation portfolio of 10,246 megawatts. It also operates the Newcastle Gas Storage Facility in New South Wales; the Silver Springs underground gas storage facility in Queensland; and natural gas production assets at Camden in New South Wales. As of September 11, 2017, it served approximately 3.6 million customer accounts. AGL Energy Limited was founded in 1837 and is based in Sydney, Australia.