DEMARK PIVOT POINT
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Austal (ASX:ASB) current pivot point (DeMark) is:
The current pivot point (DeMark) is:
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: Austal (ASB.AX)
Stock Exchange: ASX
Ticker Codes: | ASB.AX | ASX:ASB |
Austal Limited designs, manufactures, constructs, and supports defense and commercial vessels in Australia, the United States, and the Philippines. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval vessels; naval surface warfare combatants; and patrol boats for government law enforcement and border protection agencies. It also develops and integrates advanced vessel control and information management systems, such as control and monitoring, and motion control systems. In addition, the company provides life capability management and vessel support services, including crew training and instruction, vessel servicing, repair and maintenance, integrated logistics support, vessel sustainment, and information management systems support to naval, government, and commercial operators; and comprehensive refit services and management of annual dockings. Austal Limited was founded in 1988 and is headquartered in Henderson, Australia.
Demark's Pivot PointsDownload
|YAL Yancoal Australia||2.83||2.5||18,792||-0.01||BEARISH|
|APE Ap Eagers Holdings||7.29||1.5||39,877||-0.07||BEARISH|
|BLA Blue Sky||1.03||1||515,472||0||BEARISH|
|DXS Dexus Property||10.25||0.9||2,488,773||-0.01||BEARISH|
|AQG Alacer Gold Corp||2.34||0.9||250,340||-0.01||BEARISH|
|AGI Ainsworth Game Technology||0.97||0.5||195,005||-0.01||BEARISH|