CAMARILLA PIVOT POINT
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Fairfax (ASX:FXJ) current pivot point Camarilla is: $0.66.
The current resistance levels are: (R1) $0.715
The current support levels are: (S1) $0.605
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: Fairfax (FXJ.AX)
Stock Exchange: ASX
Ticker Codes: | FXJ.AX | ASX:FXJ |
Fairfax Media Limited operates as a digitally progressive media company in Australia and New Zealand. It operates through Domain Group, Metropolitan Media, Australian Community Media, New Zealand Media, Radio, and Other segments. The company engages in news coverage through print publications and multi-media channels, digital ventures, events, and research for local regional and agricultural communities. Its regional publications include The Canberra Times, Newcastle Herald, Launceston Examiner, Border Mail, Ballarat Courier, and Illawarra Mercury with approximately 160 local newspapers and community-based Websites; agricultural publications comprise The Land, Queensland Country Life, North Queensland Register, Stock Journal, Stock, and Land along with Farm Weekly; events comprise AgQuip and CRT Farmfest Field Days, as well as is involved in Tamworth country music festival; and offers research and agricultural database options for rural industries. The company's publications also include The Sydney Morning Herald, The Age, and The Australian Financial Review. In addition, it engages in digital publishing, online dating, weather services, e-health, online education, video-on-demand, online jobs search, and online tender businesses. Further, the company provides residential, commercial, and rural property marketing solutions and search tools for buyers, investors, sellers, renters, and agents through mobile and tablet apps, at domain.com.au, as well as through metropolitan and regional newspapers. Additionally, it has a portfolio of lifestyle-oriented products focused on running, swimming, food and wine, parenting, and the arts; and operates a news and entertainment site, stuff.co.nz. The company also operates news, talk, and sport radio stations in Sydney and Melbourne. Fairfax Media Limited was incorporated in 1990 and is headquartered in Sydney, Australia.
Camarilla Pivot PointsDownload
|MEZ Meridian Energy||3.25||4.2||11,715||-0.14||BEARISH|
|NST Northern Star Resources||8.42||2.7||3,777,004||-0.01||BEARISH|
|NCM Newcrest Mining||21.3||1.6||3,629,687||0||BEARISH|
|SAR Saracen Mineral||2.64||1.5||3,993,826||-0.01||BEARISH|
|EHE Estia Health||2.21||1.4||1,141,989||-0.02||BEARISH|
|MXI Maxitra Industries||0.54||0.9||148,738||-0.01||BEARISH|