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

Pivot Points

Score

-0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 113 4.5 0.48% 0.82% 3.1% -2.3% 16.4%
SHORT 113 3.9 0.47% 0.79% 2.3% -2.3% -29.9%

Summary

Technical Analysis

Imdex (IMD.AX)


Indicator:

PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Imdex (ASX:IMD) current pivot point is: $ 1.07.
The current resistance levels are:
(R1) $1.12
(R2) $1.145
(R3) $1.195

The current support levels are:
(S1) $1.045
(S2) $0.995
(S3) $0.97



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


PROFILE: Imdex (IMD.AX)


Stock Exchange: ASX
Company: Imdex
Ticker Codes: | IMD.AX | ASX:IMD |

About Imdex (ASX:IMD):

Imdex Limited engages in the minerals business worldwide. The company engages in the manufacture, sale, and rental of down hole instrumentation, drilling fluids and chemicals, solids removal technologies, and related equipment, as well as the provision of cloud-based data management solutions to the mining and mineral exploration industry. It also provides data solutions and geo-analytics services under the AMC and REFLEX brands to exploration, development, and production companies in the minerals sectors. The company was formerly known as Pilbara Gold NL and changed its name to Imdex Limited in July 1985. Imdex Limited was incorporated in 1980 and is headquartered in Balcatta, Australia.

Top 10:

Pivot Points

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Company Close Change(%) Volume Value Signal
PPS Praemium 0.41 9.3 3,235,337 0.01 BULLISH
DWS DWS 1.13 6.6 119,422 0.03 BULLISH
GOR Gold Road Resources 1.05 5.6 2,804,920 0.01 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 0.14 BULLISH
PRU Perseus Mining 0.5 5.3 6,327,147 0.01 BULLISH
CIA Champion Iron 3.24 4.9 531,475 0.01 BULLISH
EVN Evolution Mining 4.13 4.8 11,519,500 0.05 BULLISH
RSG Resolute Mining 1.13 4.6 6,915,383 0.01 BULLISH
RRL Regis Resources 4.86 4.3 2,730,192 0.05 BULLISH
BSL Bluescope Steel 11.76 3.2 3,871,335 0.07 BULLISH