Arb Corporation (ARB.AX)
CAMARILLA PIVOT POINT
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Arb Corporation (ASX:ARB) current pivot point Camarilla is: $17.097.
The current resistance levels are: (R1) $18.525
The current support levels are: (S1) $15.675
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: Arb Corporation (ARB.AX)
Stock Exchange: ASX
Company: Arb Corporation
Ticker Codes: | ARB.AX | ASX:ARB |
ARB Corporation Limited designs, manufactures, distributes, and sells motor vehicle accessories and light metal engineering works in Australia, the United States, Thailand, the Middle East, and Europe. The company provides protection equipment, including bull bars and frontal protection, side rails and protection steps, rear protection equipment, and under vehicle protection products; recovery equipment, such as warn winches, bushranger winches, smittybilt winches, recovery points, straps and accessories, jacks and accessories, recovery kits and bags, and other recovery essentials. It also offers nitrocharger sports, springs, and steering and hardware products; vehivle lighting products comprising LED light bars and driving lights, and IPF lighting products and accessories; Canopies and Ute Lids, sport lids, and sportguard Ute liners; roof racks and roof bars; and drawers and cargo barriers; and batteries, auxiliary battery kits, battery management products, and solar products. In addition, the company offers general accessories, such as first aid kits, apparel and promotional items, tire accessories, fuel and water tanks, free wheeling hubs, tow bars and accessories, rear bars and wheel carriers, air compressors, power tanks, bushpaks, wagon liners, spare wheel covers, side steps, navigators, radios, aftermarket seats, reversing cameras, seat covers, and other accessories. It serves stockists, vehicle dealers, and various fleet operators. The company operates approximately 61 ARB stores in Australia. ARB Corporation Limited was founded in 1975 and is headquartered in Kilsyth, Australia.
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