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

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 123 3.9 0.48% 0.80% 2.1% -1.5% 14.6%
SHORT 122 4.0 0.39% 0.58% 1.7% -1.3% -26.9%

Summary

Technical Analysis

Ipoh (IPH.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.


Ipoh (ASX:IPH) current pivot point is: $ 7.065.
The current resistance levels are:
(R1) $7.16
(R2) $7.21
(R3) $7.305

The current support levels are:
(S1) $7.015
(S2) $6.92
(S3) $6.87



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: Ipoh (IPH.AX)


Stock Exchange: ASX
Company: Ipoh
Ticker Codes: | IPH.AX | ASX:IPH |

About Ipoh (ASX:IPH):

IPH Limited, together with its subsidiaries, provides intellectual property (IP) services and products. It offers IP services related to the provision of filing, prosecution, enforcement, and management of patents, designs, trademarks, and other IP; and engages in the development and provision of IP data and analytics software under the subscription license model. The company is also involved in data analysis and software business, as well as provides software development and patent attorney services. It serves Fortune Global 500 companies, multinationals, public sector research organizations, SMEs, and professional services firms in Australia, Singapore, Malaysia, Thailand, Indonesia, China, Hong Kong, Germany, and internationally. IPH Limited was founded in 1887 and is based in Sydney, Australia.

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Pivot Points

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Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.07 15 2,437,137 0 BULLISH CROSSOVER
SMN Structural Monitoring Systems 0.76 7.8 422,370 0.03 BULLISH CROSSOVER
NAN Nanosonics 4.93 6.7 1,283,636 0.08 BULLISH CROSSOVER
VGL Volante 5.8 6.4 1,417 0.11 BULLISH CROSSOVER
WGX Westgold Resources 1.69 6.3 616,095 0.04 BULLISH CROSSOVER
CAT Catuity 1.27 6.3 779,850 0.02 BULLISH CROSSOVER
SAR Saracen Mineral 3.66 5.5 4,153,957 0.04 BULLISH CROSSOVER
NZM Nzme 0.49 5.4 65,620 0.01 BULLISH CROSSOVER
FMG Fortescue Metals 8.8 5.4 17,285,949 0.07 BULLISH CROSSOVER
ASL Ausdrill 1.51 5.2 2,815,654 0.02 BULLISH CROSSOVER