Trading indicator
Demark's 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
Demark's Pivot Points
Score
-2.35
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 73 | 3.4 | 0.22% | 0.25% | 5.7% | -4.9% | -215.8% |
| SHORT | 74 | 8.4 | 0.51% | 0.86% | 7.0% | -7.6% | -69.5% |
Summary
Technical Analysis
Eden Energy (EDE.AX)
Indicator:
DEMARK PIVOT POINT
Signal Strength: MEDIUM
Recommendation:
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Eden Energy (ASX:EDE) current pivot point (DeMark) is:
(R1) $0.049.
The current pivot point (DeMark) is:
(S1) $0.046.
Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.
Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close)
;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;
PROFILE: Eden Energy (EDE.AX)
Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | ASX:EDE |
Eden Innovations Ltd. provides various clean technology solutions. The company offers EdenCrete, a carbon nanotube enriched admixture for concrete; and OptiBlend, a retrofit dual fuel kit for diesel generator sets. It also provides Pyrolysis, a technology to produce carbon nanotube, and carbon nanofibre and hydrogen; Hythane, a blend of hydrogen and natural gas; and EdenPlast, a CNT enriched polymers and plastics. The company was formerly known as Eden Energy Ltd. and changed its name to Eden Innovations Ltd. in November 2016. Eden Innovations Ltd. was incorporated in 2004 and is based in Perth, Australia.
Top 10:
Demark's Pivot Points
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MVP Medical Developments | 7.25 | 15.8 | 532,471 | 0.18 | BULLISH CROSSOVER |
| CGS Cogstate | 0.4 | 14.3 | 477,637 | 0.01 | BULLISH CROSSOVER |
| CAT Catuity | 2.01 | 13.6 | 1,507,289 | 0.05 | BULLISH CROSSOVER |
| FSA FSA | 1.16 | 12.6 | 314,572 | 0.01 | BULLISH CROSSOVER |
| TNG Tennant Creek Gold | 0.11 | 10 | 633,721 | 0 | BULLISH CROSSOVER |
| PSI Pacific Strategic Investments | 2.98 | 5.3 | 12,573 | 0.03 | BULLISH CROSSOVER |
| EOS Electro Optic Systems Holdings | 6.96 | 5.3 | 1,276,899 | 0.03 | BULLISH CROSSOVER |
| IPH Ipoh | 8.2 | 5.3 | 943,560 | 0.08 | BULLISH CROSSOVER |
| PLS Pilbara Minerals | 0.31 | 5.1 | 4,005,940 | 0 | BULLISH CROSSOVER |
| MIN Mineral Resources | 14.56 | 4.6 | 1,801,291 | 0.15 | BULLISH CROSSOVER |