Milton Corporation

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

Woodie Pivot Point

Score

-4.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 99 3.7 0.28% 0.35% 0.4% -0.6% -36.1%
SHORT 99 5.6 0.21% 0.24% 1.0% -0.7% -37.5%

Summary

Technical Analysis

Milton Corporation (MLT.AX)


Indicator:

WOODIE PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Milton Corporation (ASX:MLT) current pivot point (Woodie) is:
$4.685.

The current resistance levels are:
(R1) $4.7
(R2) $4.725

The current support levels are:
(S1) $4.66
(S2) $4.645



One of the key differences in calculating Woodies Pivot Point to other pivot points is that the current sessions open price is used in the PP formula with the previous sessions high and low.

Calculation: Woodie Pivot Point:
1) R2 = PP + High – Low;
2) R1 = (2 X PP) – Low;
3) PP = (H + L + 2C) / 4;
4) S1 = (2 X PP) – High;
5) S2 = PP – High + Low – Closing Price – High – Low;


PROFILE: Milton Corporation (MLT.AX)


Stock Exchange: ASX
Company: Milton Corporation
Ticker Codes: | MLT.AX | ASX:MLT |

About Milton Corporation (ASX:MLT):

Milton Corporation Limited is a publicly owned investment manager. The firm manages separate client-focused portfolios. It invests in the public equity and fixed income markets of Australia. The firm also invests in trusts, real estate, and mortgages. Milton Corporation Limited was founded in 1938 and is based in Sydney, Australia.

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