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



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 87 5.6 0.38% 0.55% 2.9% -1.7% -4.9%
SHORT 86 4.7 0.35% 0.50% 1.9% -1.8% -50.7%


Technical Analysis

Lycopodium (LYL.AX)



Signal Strength: MEDIUM

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

Lycopodium (ASX:LYL) current pivot point is: $ 4.807.
The current resistance levels are:
(R1) $4.814
(R2) $4.817
(R3) $4.824

The current support levels are:
(S1) $4.804
(S2) $4.797
(S3) $4.794

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: Lycopodium (LYL.AX)

Stock Exchange: ASX
Company: Lycopodium
Ticker Codes: | LYL.AX | ASX:LYL |

About Lycopodium (ASX:LYL):

Lycopodium Limited provides engineering consultancy services in the mining, metallurgical, rail, and manufacturing industries in Australia and internationally. The company offers feasibility studies, value engineering, project development, and implementation services to exploration companies and multinational producers of precious metals, base metals, iron ores, and other commodities. It also provides design, engineering, and project management solutions for process industries, including manufacturing and renewable energy facilities. In addition, the company offers project management, construction management, and commissioning services to the extractive mining industry; and engineering and related services for infrastructure projects, including architectural design, power supply and distribution, water supply and distribution, accommodation, buildings, roads, and other general civil and infrastructure components. Further, it offers asset management services, including reliability and engineering maintenance services to clients in the petrochemical, oil and gas, mining minerals, marine, and manufacturing sectors; project development phase studies, engineering and design, procurement, and construction phase services for rail infrastructure projects; and metallurgical consulting services to the mineral processing community primarily in the field of comminution, hydrometallurgy, and mineral processing design industries. Lycopodium Limited was founded in 1992 and is based in East Perth, Australia.

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Pivot Points

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TZN Terramin Australia 0.08 8.7 388,211 0 BULLISH
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VTG Vita 1.25 5.9 714,854 0.02 BULLISH
BWX BWX 2.23 5.2 695,496 0.05 BULLISH
CWY Cleanaway Waste Management 2.37 4.9 5,497,121 0.02 BULLISH
CAT Catuity 1.32 4.3 510,482 0.03 BULLISH
FBR Fastbrick Robotics 0.08 4.2 978,830 0 BULLISH
PRU Perseus Mining 0.52 4 9,497,712 0.01 BULLISH
BBN Baby Bunting 2.18 3.8 510,542 0.02 BULLISH