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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Trading Performance

Woodie Pivot Point

Score

-0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 103 5.1 0.40% 0.57% 3.6% -2.6% -40.2%
SHORT 101 4.1 0.39% 0.57% 2.6% -2.0% -39.6%

Summary

Technical Analysis

Decmil (DCG.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.


Decmil (ASX:DCG) current pivot point (Woodie) is:
$0.869.

The current resistance levels are:
(R1) $0.878
(R2) $0.884

The current support levels are:
(S1) $0.863
(S2) $0.854



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: Decmil (DCG.AX)


Stock Exchange: ASX
Company: Decmil
Ticker Codes: | DCG.AX | ASX:DCG |

About Decmil (ASX:DCG):

Decmil Group Limited, through its subsidiaries, provides design, engineering, and construction works for natural resources, government, and infrastructure sectors in Australia and internationally. It operates through three segments: Construction and Engineering, Accommodation, and Other. The company engages in the civil works, including site preparation, excavation, and bulk earthworks on brown and greenfield projects in regional and remote areas; construction of remote non-process infrastructure, such as industrial buildings, processing plants, workshops, and storage facilities; and design and construction of permanent and temporary accommodation consisting of villages for the resource sector. It is also involved in government infrastructure projects, such as accommodation, immigration facilities, corrections facilities, office buildings, defense facilities, schools, administration buildings, and storage facilities; road and bridge civil engineering projects; and design and construction of fuel infrastructure facilities. In addition, the company provides coal seam gas and LNG wellhead installation with related pipelines and facilities; civil works for remote wind and solar projects, including site preparation, foundations, and pilings; structural and mechanical installations, such as towers for wind farms and framing systems, and PV modules for solar projects; specialist electrical work for energy storage and distribution; and design, installation, commissioning, and maintenance services to telecommunications network owners, manufacturers, and NBN service providers. Further, it fabricates and installs high pressure pipes, vessels, and tanks. Decmil Group Limited was founded in 1979 and is headquartered in Osborne Park, Australia.

Top 10:

Woodie Pivot Point

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