What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Demark's Pivot Points

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 95 3.9 0.45% 0.68% 3.3% -3.8% -96.8%
SHORT 95 5.7 0.52% 0.91% 5.4% -3.4% 83.8%

Summary

Technical Analysis

Metals X (MLX.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.


Metals X (ASX:MLX) current pivot point (DeMark) is:
(R1) $0.203.

The current pivot point (DeMark) is:
(S1) $0.188.



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: Metals X (MLX.AX)


Stock Exchange: ASX
Company: Metals X
Ticker Codes: | MLX.AX | ASX:MLX |

About Metals X (ASX:MLX):

Metals X Limited engages in the operation of tin and copper mines; and exploration and development of base metals projects in Australia. It operates through Renison Tin Operations, Wingellina Nickel Project, Nifty Copper Operations, and Maroochydore Copper Project segments. The company holds a 50% interest in the Renison tin project located the west coast of Tasmania; and interest in the Nifty copper project and the Maroochydore copper project in Western Australia. It also holds 100% interests in the Central Musgrave project that covers an area of 1,957 square kilometers of exploration tenure, including the Wingellina nickel deposit, the Claude Hills nickel deposit, and the Mt Davies exploration prospects located in the Central Musgrave Ranges. Metals X Limited was incorporated in 2004 and is based in Perth, Australia.

Top 10:

Demark's Pivot Points

Download
Company Close Change(%) Volume Value Signal
GGG Greenland Minerals 0.12 9.1 3,783,020 0 BEARISH CROSSOVER
SYR Syrah Resources 0.49 5.4 4,913,585 -0.01 BEARISH CROSSOVER
PPS Praemium 0.61 1.7 1,555,885 0 BEARISH CROSSOVER
NWH NRW 2.65 1.1 893,202 -0.01 BEARISH CROSSOVER
XIJ ASX 200 Info Tech 1380.5 1.1 0 -0.93 BEARISH CROSSOVER
SYD Sydney Airport 8.89 1 4,657,424 -0.02 BEARISH CROSSOVER
HUB Hub24 12.67 1 148,419 -0.03 BEARISH CROSSOVER
FNP Freedom Nutritional Products 5.35 0.9 238,577 -0.11 BEARISH CROSSOVER
NEA Nearmap 2.48 0.8 2,548,416 0 BEARISH CROSSOVER
XEJ ASX 200 Energy 11337.5 0.7 0 -4.2 BEARISH CROSSOVER