Karoon Gas Australia

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

Demark's Pivot Points

Score

-0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 106 4.3 0.37% 0.55% 2.6% -2.1% -46.6%
SHORT 106 4.6 0.52% 0.89% 2.0% -1.9% -3.7%

Summary

Technical Analysis

Karoon Gas Australia (KAR.AX)


Indicator:

DEMARK PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Karoon Gas Australia (ASX:KAR) current pivot point (DeMark) is:
(R1) $0.895.

The current pivot point (DeMark) is:
(S1) $0.87.



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: Karoon Gas Australia (KAR.AX)


Stock Exchange: ASX
Company: Karoon Gas Australia
Ticker Codes: | KAR.AX | ASX:KAR |

About Karoon Gas Australia (ASX:KAR):

Karoon Gas Australia Ltd operates as an oil and gas exploration company in Australia, Brazil, and Peru. It has a working interest in two off-shore permits in the Browse and Carnarvon basins located to the north Western Australian coastline covering a combined area of 15,492 square kilometers. The company also holds working interest in five offshore blocks in the Santos Basin located in the State of Santa Catarina covering an area of 549 square kilometers. In addition, the company has a working interest in an off-shore block in the Tumbes Basin located approximately to the north-west coast of Peru covering an area of 4,750 square kilometers. The company was incorporated in 2003 and is headquartered in Mount Martha, Australia.

Top 10:

Demark's Pivot Points

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MNF My Net Fone 3.73 7.2 55,752 0.06 BULLISH CROSSOVER
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GNG GR Engineering Services 0.85 5.6 43,068 0.01 BULLISH CROSSOVER
SFR Sandfire Resources 6.67 5.5 1,218,623 0.04 BULLISH CROSSOVER
OMH OM Holdings 0.91 5.2 125,747 0.01 BULLISH CROSSOVER
MEZ Meridian Energy 4.41 5 29,189 0.02 BULLISH CROSSOVER
PTM Platinum Asset Management 4.81 4.8 2,130,936 0.05 BULLISH CROSSOVER