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

-1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 101 4.3 0.39% 0.53% 2.3% -1.5% -19.1%
SHORT 101 4.8 0.36% 0.51% 1.9% -1.6% -46.0%

Summary

Technical Analysis

Data#3 (DTL.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.


Data#3 (ASX:DTL) current pivot point (Woodie) is:
$2.155.

The current resistance levels are:
(R1) $2.22
(R2) $2.295

The current support levels are:
(S1) $2.08
(S2) $2.015



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: Data#3 (DTL.AX)


Stock Exchange: ASX
Company: Data#3
Ticker Codes: | DTL.AX | ASX:DTL |

About Data#3 (ASX:DTL):

Data#3 Limited, together with its subsidiaries, provides information technology (IT) solutions in Australia and the Asia Pacific. The company operates through two segments, Product and Services. The Product segment provides hardware and software licenses for customers' desktop, network, and data center infrastructure. The Services segment offers consulting, project, managed, and maintenance contracts, as well as workforce recruitment and contracting services in relation to the design, implementation, operation, and support of ICT solutions. It also provides cloud/hybrid IT, mobility, security, data and analytics, and IT lifecycle management solutions. Data#3 Limited was founded in 1977 and is headquartered in Toowong, Australia.

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