Evolution Mining

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

Demark's Pivot Points

Score

-0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 104 4.4 0.54% 1.00% 1.9% -1.8% 5.5%
SHORT 104 4.5 0.40% 0.62% 2.3% -2.0% -36.3%

Summary

Technical Analysis

Evolution Mining (EVN.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.


Evolution Mining (ASX:EVN) current pivot point (DeMark) is:
(R1) $3.815.

The current pivot point (DeMark) is:
(S1) $3.655.



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: Evolution Mining (EVN.AX)


Stock Exchange: ASX
Company: Evolution Mining
Ticker Codes: | EVN.AX | ASX:EVN |

About Evolution Mining (ASX:EVN):

Evolution Mining Limited engages in identifying, developing, and operating gold related mining projects in Australia and New Zealand. It primarily explores for gold, copper, and silver deposits. As of June 30, 2017, the company operated six gold mines located in Cowal in New South Wales; Cracow, Mt Carlton, and Mt Rawdon in Queensland; and Mungari and Edna May in Western Australia. It also has an economic interest in the Ernest Henry Copper-Gold project in Queensland. The company was formerly known as Catalpa Resources Limited and changed its name to Evolution Mining Limited in November 2011. Evolution Mining Limited is based in Sydney, Australia.

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Demark's Pivot Points

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