Downer EDI

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

Pivot Points

Score

1.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 114 4.5 0.50% 0.97% 2.0% -1.3% 38.3%
SHORT 114 3.9 0.46% 0.83% 1.8% -1.1% 24.0%

Summary

Technical Analysis

Downer EDI (DOW.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.


Downer EDI (ASX:DOW) current pivot point is: $ 6.972.
The current resistance levels are:
(R1) $7.009
(R2) $7.057
(R3) $7.094

The current support levels are:
(S1) $6.924
(S2) $6.887
(S3) $6.839



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: Downer EDI (DOW.AX)


Stock Exchange: ASX
Company: Downer EDI
Ticker Codes: | DOW.AX | ASX:DOW |

About Downer EDI (ASX:DOW):

Downer EDI Limited operates as a services provider in Australia, New Zealand, the Asia-Pacific, South America, and Southern Africa. Its Transport segment engages in road, rail infrastructure, bridge, airport, and port businesses; and provides earthworks, civil construction, asset management, maintenance, surfacing and stabilization, open space and facilities management, and rail track signaling and electrification works services, as well as supplying bituminous products and logistics services. Its Utilities segment plans, designs, constructs, operates, maintains, manages, and decommissions power and gas network assets, as well as operates in the renewable energy business; provides pipeline bursting and civil maintenance solutions for municipal and industrial water users; and designs, builds, and maintains wind farms and turbine sites, and solar farms. This segment also offers feasibility, design, civil and network construction, commissioning, testing, and operation and maintenance services for fiber, copper, and radio networks; and data center, automated ticketing, and intelligent transport technology services. Its Rail segment offers passenger and freight build, operations and maintenance, component overhauls, and after-market services. Its Engineering, Construction and Maintenance segment provides design, engineering, construction, and maintenance services for greenfield and brownfield projects for various sectors in a range of stages of the project lifecycle. Its Mining segment provides asset management, blasting, crushing, exploration drilling, mine closure and site rehabilitation, mobile plant maintenance, open cut mining, tyre management, and underground mining services; supplies explosives; undertakes civil projects; and trains and develops ATSI employees. Its Spotless segment offers outsourced facility, catering and laundry, and technical and engineering services, as well as refrigeration solutions. The company is headquartered in North Ryde, Australia.

Top 10:

Pivot Points

Download
Company Close Change(%) Volume Value Signal
AJX Alexium International 0.13 8.7 796,462 0 NEUTRAL
EDE Eden Energy 0.03 7.1 1,425,845 0 NEUTRAL
ATL ASX 20 0.41 5.1 164,830 0 NEUTRAL
DNK Danakali 0.75 4.2 409,402 0 NEUTRAL
PSI Pacific Strategic Investments 2.5 3.7 2,239 0 NEUTRAL
ISX Isignthis 0.64 2.4 1,817,539 0 NEUTRAL
PGC Paragon Care 0.45 2.3 1,784,097 0 NEUTRAL
OZL Oz Minerals 9.65 2 2,387,370 0 NEUTRAL
IFT Infratil 4.2 1.9 4,105 0 NEUTRAL
LAU Lindsay Australia 0.34 1.5 196,603 0 NEUTRAL