Flight Centre

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade 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%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Camarilla Pivot Points

Score

0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 120 4.0 0.40% 0.64% 2.2% -1.6% -15.9%
SHORT 119 4.1 0.40% 0.65% 2.5% -1.3% 21.1%

Summary

Technical Analysis

Flight Centre (FLT.AX)


Indicator:

CAMARILLA PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Flight Centre (ASX:FLT) current pivot point Camarilla is: $34.487.

The current resistance levels are: (R1) $37.174
(R2) $40.048
(R3) $42.922
(R4) $51.544

The current support levels are: (S1) $31.426
(S2) $28.552
(S3) $25.678
(S4) $17.057



Camarilla pivot points were discovered in 1989 by Nick Scott, a successful bond trader. The basic thesis for this strategy is a common one: That price, as most time series, has a tendency to revert to its mean.

Calculation: Camarilla Pivot Points:
1) R4 = Close + (High – Low) * 1.1/2;
2) R3 = Close + (High – Low) * 1.1/4;
3) R2 = Close + (High – Low) * 1.1/6;
4) R1 = Close + (High – Low) * 1.1/12;
5) PP = (HIGH + LOW + CLOSE) / 3;
6) S1 = Close – (High – Low) * 1.1/12;
7) S2 = Close – (High – Low) * 1.1/6;
8) S3 = Close – (High – Low) * 1.1/4;
9) S4 = Close – (High – Low) * 1.1/2;


PROFILE: Flight Centre (FLT.AX)


Stock Exchange: ASX
Company: Flight Centre
Ticker Codes: | FLT.AX | ASX:FLT |

About Flight Centre (ASX:FLT):

Flight Centre Travel Group Limited provides travel retailing services primarily under the Flight Centre brand in leisure, corporate, and wholesale travel sectors worldwide. The company's other travel brands include Escape Travel, Student Flights, Travel Associates, Cruiseabout, Liberty Travel, Infinity Holidays, GOGO Vacations, FCm Travel Solutions, Corporate Traveller, Stage and Screen, cievents, and Campus Travel. It offers leisure travel services to cater the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services to service the needs of organizations of various sizes across industries. The company also supplies product to its national and international network or travel retail outlets. In addition, it offers other travel related services, such as foreign currency exchange and travel academies; recruitment marketing and bike retailing; and employee benefit businesses. The company was formerly known as Flight Centre Limited and changed its name to Flight Centre Travel Group Limited in November 2013. Flight Centre Travel Group Limited was incorporated in 1987 and is based in South Brisbane, Australia.

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