Av Jennings Homes

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%

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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Woodie Pivot Point

Score

-1.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 57 7.1 0.33% 0.44% 2.3% -2.2% -52.4%
SHORT 57 7.4 0.46% 0.70% 2.5% -2.4% -23.2%

Summary

Technical Analysis

Av Jennings Homes (AVJ.AX)


Indicator:

WOODIE PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Av Jennings Homes (ASX:AVJ) current pivot point (Woodie) is:
$0.579.

The current resistance levels are:
(R1) $0.583
(R2) $0.594

The current support levels are:
(S1) $0.568
(S2) $0.564



One of the key differences in calculating Woodies Pivot Point to other pivot points is that the current sessions open price is used in the PP formula with the previous sessions high and low.

Calculation: Woodie Pivot Point:
1) R2 = PP + High – Low;
2) R1 = (2 X PP) – Low;
3) PP = (H + L + 2C) / 4;
4) S1 = (2 X PP) – High;
5) S2 = PP – High + Low – Closing Price – High – Low;


PROFILE: Av Jennings Homes (AVJ.AX)


Stock Exchange: ASX
Company: Av Jennings Homes
Ticker Codes: | AVJ.AX | ASX:AVJ |

About Av Jennings Homes (ASX:AVJ):

AVJennings Limited engages in the development of residential properties in Australia. It is involved in land and apartment development, and integrated housing activities. The company was founded in 1932 and is based in Hawthorn, Australia. AVJennings Limited is a subsidiary of SC Global Developments Pte Ltd.

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Woodie Pivot Point

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