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

Demark's Pivot Points

Score

-2.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 64 6.9 0.45% 0.74% 2.2% -2.2% -21.8%
SHORT 65 6.3 0.25% 0.31% 2.0% -2.3% -84.8%

Summary

Technical Analysis

Codan (CDA.AX)


Indicator:

DEMARK PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Codan (ASX:CDA) current pivot point (DeMark) is:
(R1) $4.415.

The current pivot point (DeMark) is:
(S1) $4.2.



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: Codan (CDA.AX)


Stock Exchange: ASX
Company: Codan
Ticker Codes: | CDA.AX | ASX:CDA |

About Codan (ASX:CDA):

Codan Limited develops rugged and electronics solutions for government, corporate, NGO, and consumer markets in Australia. The company operates through three segments: Communications Equipment, Metal Detection, and Tracking Solutions. It designs and manufactures communications equipment for high frequency and land mobile radio applications. The company also provides recreational products, gold detectors, and detecting and clearing improvised explosive devices; and tracking, productivity, and safety solutions for underground hard-rock mines, as well as associated software for the mining sector. In addition, it provides design and product development, manufacturing, and support services to the Australian defense industry. The company also exports its products to approximately 150 countries. Codan Limited was founded in 1959 and is headquartered in Mawson Lakes, Australia.

Top 10:

Demark's Pivot Points

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Company Close Change(%) Volume Value Signal
CCP Credit Corp 27.27 13.3 452,171 -0.22 BEARISH CROSSOVER
SWM Seven West Media 0.4 6.7 22,528,171 0 BEARISH CROSSOVER
EWC Energy World Corporation 0.07 5.8 402,315 0 BEARISH CROSSOVER
GSW Getswift 0.25 4.2 499,320 0 BEARISH CROSSOVER
COH Cochlear 209.43 3.9 588,882 -0.11 BEARISH CROSSOVER
JHC Japara Healthcare 1.04 3.5 410,500 0 BEARISH CROSSOVER
MNS Milnes Holdings 0.18 2.9 449,874 0 BEARISH CROSSOVER
PWH PWR 4.2 1.7 359,097 -0.03 BEARISH CROSSOVER
NSR National Storage 1.71 1.5 4,156,518 -0.01 BEARISH CROSSOVER
CHC Charter Hall 11.98 1.4 1,017,473 -0.03 BEARISH CROSSOVER