Gold Road Resources

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%

What indicators would you like to backtest?

Trading Performance

Woodie Pivot Point

Score

-1.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 101 4.8 0.41% 0.59% 2.4% -1.8% -27.5%
SHORT 100 4.4 0.37% 0.49% 1.8% -1.8% -69.2%

Summary

Technical Analysis

Gold Road Resources (GOR.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.


Gold Road Resources (ASX:GOR) current pivot point (Woodie) is:
$0.975.

The current resistance levels are:
(R1) $1
(R2) $1.045

The current support levels are:
(S1) $0.93
(S2) $0.905



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: Gold Road Resources (GOR.AX)


Stock Exchange: ASX
Company: Gold Road Resources
Ticker Codes: | GOR.AX | ASX:GOR |

About Gold Road Resources (ASX:GOR):

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore, and Attila projects, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. Gold Road Resources Limited was incorporated in 2007 and is based in West Perth, Australia.

Top 10:

Woodie Pivot Point

Download
Company Close Change(%) Volume Value Signal
NAN Nanosonics 5.6 5.7 3,678,008 0.01 BULLISH
MEZ Meridian Energy 4.41 5 29,189 0 BULLISH
BTI Bailador Technology Investments 0.98 4.8 48,460 0 BULLISH
WTC Wisetech Global 28.72 4.4 725,330 0.03 BULLISH
XIP Xenith Ip 2.2 4.3 130,384 0 BULLISH
PME Pro Medicus 25.33 3.9 348,311 0.18 BULLISH
MFG Magellan Financial 50.72 3.8 742,972 0.2 BULLISH
IPH Ipoh 7.42 3.6 660,132 0.04 BULLISH
NHF NIB 7.73 3.5 1,445,321 0.01 BULLISH
MIN Mineral Resources 14.99 3.4 1,271,820 0.06 BULLISH