Trading indicator
Camarilla Pivot PointsBacktest 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% |
Trading Performance
Camarilla Pivot Points
Score
-0.1
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 117 | 4.3 | 0.50% | 0.94% | 1.0% | -0.9% | -0.9% |
| SHORT | 115 | 3.9 | 0.50% | 0.92% | 0.8% | -0.8% | -4.2% |
Summary
Technical Analysis
Amcor (AMC.AX)
Indicator:
CAMARILLA PIVOT POINT
Signal Strength: MEDIUM
Recommendation:
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Amcor (ASX:AMC) current pivot point Camarilla is: $16.233.
The current resistance levels are: (R1) $17.603
(R2) $18.956
(R3) $20.308
(R4) $24.367
The current support levels are: (S1) $14.897
(S2) $13.545
(S3) $12.192
(S4) $8.134
Camarilla pivot points were discovered in 1989 by Nick Scott, a successful bond trader. The basic thesis for this strategy is a common one: That price, as most time series, has a tendency to revert to its mean.
Calculation: Camarilla Pivot Points:
1) R4 = Close + (High – Low) * 1.1/2;
2) R3 = Close + (High – Low) * 1.1/4;
3) R2 = Close + (High – Low) * 1.1/6;
4) R1 = Close + (High – Low) * 1.1/12;
5) PP = (HIGH + LOW + CLOSE) / 3;
6) S1 = Close – (High – Low) * 1.1/12;
7) S2 = Close – (High – Low) * 1.1/6;
8) S3 = Close – (High – Low) * 1.1/4;
9) S4 = Close – (High – Low) * 1.1/2;
PROFILE: Amcor (AMC.AX)
Stock Exchange: ASX
Company: Amcor
Ticker Codes: | AMC.AX | ASX:AMC |
Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.
Top 10:
Camarilla Pivot Points
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| BEE Broo | 0.03 | 21.7 | 83,994 | 0 | BULLISH CROSSOVER |
| ISX Isignthis | 0.6 | 8.2 | 4,830,133 | 0.02 | BULLISH CROSSOVER |
| HFR Highfield Resources | 0.74 | 7.3 | 38,107 | 0.02 | BULLISH CROSSOVER |
| EZL Euroz | 1.21 | 7.1 | 86,825 | 0.01 | BULLISH CROSSOVER |
| RAP Resapp Health | 0.15 | 7.1 | 428,520 | 0 | BULLISH CROSSOVER |
| MNS Milnes Holdings | 0.21 | 5.1 | 895,452 | 0.01 | BULLISH CROSSOVER |
| TNG Tennant Creek Gold | 0.12 | 4.3 | 341,928 | 0 | BULLISH CROSSOVER |
| PAC Pacsoft | 4.8 | 4.1 | 25,306 | 0.04 | BULLISH CROSSOVER |
| RBL Rib Loc | 1.05 | 4 | 106,026 | 0.01 | BULLISH CROSSOVER |
| ARA Ariadne Australia | 0.65 | 4 | 6,000 | 0 | BULLISH CROSSOVER |