Trading indicator
Pivot PointsTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Pivot Points
Score
-2.4
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 116 | 4.3 | 0.36% | 0.53% | 3.3% | -2.9% | -95.5% |
| SHORT | 115 | 4.0 | 0.35% | 0.50% | 3.3% | -3.4% | -140.6% |
Summary
Technical Analysis
Champion Iron (CIA.AX)
Indicator:
PIVOT POINT
Signal Strength: MEDIUM
Recommendation:
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Champion Iron (ASX:CIA) current pivot point is: $ 2.513.
The current resistance levels are:
(R1) $2.536
(R2) $2.583
(R3) $2.606
The current support levels are:
(S1) $2.466
(S2) $2.443
(S3) $2.396
Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.
Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);
PROFILE: Champion Iron (CIA.AX)
Stock Exchange: ASX
Company: Champion Iron
Ticker Codes: | CIA.AX | ASX:CIA |
Champion Iron Limited explores and develops iron ore properties in Quebec, Canada. Its flagship projects include the Bloom Lake mine, which consists of 114 mining claims located in QuÚbec, Canada; and the Consolidated Fire Lake North project that consists of Fire Lake North, Oil Can, Bellechasse, and Midway properties situated in northeastern Quebec. The company was formerly known as Champion Iron Mines Limited and changed its name to Champion Iron Limited in March 2014. Champion Iron Limited is headquartered in Rozelle, Australia.
Top 10:
Pivot Points
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| RCT Reef Casino | 2.62 | 6.9 | 38,587 | -0.02 | BEARISH CROSSOVER |
| AJX Alexium International | 0.07 | 1.6 | 322,202 | 0 | BEARISH CROSSOVER |
| CGL The Citadel | 4.24 | 1.4 | 173,267 | -0.03 | BEARISH CROSSOVER |
| SYD Sydney Airport | 9.2 | 1.3 | 3,052,018 | -0.01 | BEARISH CROSSOVER |
| PNV Polynovo | 1.78 | 0.9 | 1,914,676 | 0 | BEARISH CROSSOVER |
| AEF Australian Ethical Investments | 3.69 | 0.8 | 123,128 | -0.03 | BEARISH CROSSOVER |
| NST Northern Star Resources | 9.85 | 0.5 | 2,633,759 | -0.06 | BEARISH CROSSOVER |
| SKI Spark Infrastructure | 2.05 | 0.5 | 2,418,340 | -0.01 | BEARISH CROSSOVER |
| TGR Tassal | 4.25 | 0.5 | 528,055 | -0.01 | BEARISH CROSSOVER |
| SGP Stockland | 4.98 | 0.4 | 3,736,396 | 0 | BEARISH CROSSOVER |