Djerriwarth Investments

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

-4.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 107 3.6 0.30% 0.38% 0.7% -1.0% -61.1%
SHORT 108 5.1 0.27% 0.34% 1.0% -1.0% -54.1%

Summary

Technical Analysis

Djerriwarth Investments (DJW.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.


Djerriwarth Investments (ASX:DJW) current pivot point (Woodie) is:
$3.335.

The current resistance levels are:
(R1) $3.35
(R2) $3.395

The current support levels are:
(S1) $3.29
(S2) $3.275



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: Djerriwarth Investments (DJW.AX)


Stock Exchange: ASX
Company: Djerriwarth Investments
Ticker Codes: | DJW.AX | ASX:DJW |

About Djerriwarth Investments (ASX:DJW):

Djerriwarrh Investments Limited is a self managed investment trust. The firm invests in public equity markets of Australia. It employs a combination of in-house and external research to make its investments. Djerriwarrh Investments Limited was founded in November 1989 and is based in Melbourne, Australia.

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