DEMARK PIVOT POINT
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Infomedia (ASX:IFM) current pivot point (DeMark) is:
The current pivot point (DeMark) is:
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: Infomedia (IFM.AX)
Stock Exchange: ASX
Ticker Codes: | IFM.AX | ASX:IFM |
Infomedia Ltd., a technology company, develops and supplies electronic parts catalogues and service quoting software systems for the automotive industry in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company's parts solutions include Microcat LIVE, Microcat MARKET, and Auto PartsBridge that allow users to identify replacement parts manufactured by original equipment companies; and Microcat CRM, which connects the sales channel from original equipment manufacturer (OEM)s to wholesale customer. Its service solutions comprise Superservice Menus, Superservice Triage, Superservice Insight, Superservice Register, and Superservice Connect, which allow users and OEMs to deliver service performance for their customers. The company also provides data management products comprising lubricants recommendation database, lubrication and tune-up guide, and data consulting services. In addition, it engages in the information management, analysis, and creation for the automotive and oil industries. Infomedia Ltd. was founded in 1987 and is headquartered in Sydney, Australia.
Demark's Pivot PointsDownload
|LNG Liquefied Natural Gas||0.5||6.5||2,349,316||-0.01||BEARISH|
|KAR Karoon Gas Australia||1.05||5.6||521,607||-0.01||BEARISH|
|TNG Tennant Creek Gold||0.11||4.8||28,222||0||BEARISH|
|AYS Amaysim Australia||1.07||3.9||62,218||0||BEARISH|
|DNA Donaco International||0.18||2.9||88,882||0||BEARISH|
|PNI Pinnacle Investment Management||5.8||2.8||220,960||-0.06||BEARISH|