Mirrabooka

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

-7.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 103 3.9 0.16% 0.18% 1.2% -1.4% -105.4%
SHORT 102 5.1 0.19% 0.23% 1.4% -1.5% -99.0%

Summary

Technical Analysis

Mirrabooka (MIR.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.


Mirrabooka (ASX:MIR) current pivot point is: $ 2.463.
The current resistance levels are:
(R1) $2.486
(R2) $2.503
(R3) $2.526

The current support levels are:
(S1) $2.446
(S2) $2.423
(S3) $2.406



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: Mirrabooka (MIR.AX)


Stock Exchange: ASX
Company: Mirrabooka
Ticker Codes: | MIR.AX | ASX:MIR |

About Mirrabooka (ASX:MIR):

Mirrabooka Investments Limited is a self managed investment company. It invests in the public equity markets of Australia and New Zealand. The firm primarily invests in value stocks of small-cap and mid-cap companies, targeting companies which fall outside the top 50 listed companies, by market capitalization, on the Australian Stock Exchange. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolios. The firm obtains external research to complement its in-house research. It typically invests in companies from industrial, healthcare, information technology, financial, pharmaceuticals, forestry products, residential housing construction and land development, and telecommunication sectors. Mirrabooka Investments Limited was founded in April 1999 and is based in Melbourne, 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
IMD Imdex 1.1 5.8 2,149,957 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