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

-2.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 92 4.7 0.41% 0.58% 1.6% -1.6% -46.9%
SHORT 91 5.2 0.35% 0.50% 1.8% -2.2% -84.3%

Summary

Technical Analysis

Midway (MWY.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.


Midway (ASX:MWY) current pivot point (DeMark) is:
(R1) $3.475.

The current pivot point (DeMark) is:
(S1) $3.425.



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: Midway (MWY.AX)


Stock Exchange: ASX
Company: Midway
Ticker Codes: | MWY.AX | ASX:MWY |

About Midway (ASX:MWY):

Midway Limited produces, sells, and exports wood fiber products to producers of pulp, and paper and associated products in Australia, Japan, and China. It primarily offers hardwood and softwood woodchips. The company also provides plantation management services to third party tree owners. Midway Limited is based in North Shore, Australia.

Top 10:

Demark's Pivot Points

Download
Company Close Change(%) Volume Value Signal
LYC Lynas Corporation 2.26 14.4 20,354,647 0 BEARISH
DDR Dicker Data 5.53 2.8 239,025 -0.04 BEARISH
GCY Gascoyne Resources 0.04 2.6 611,112 0 BEARISH
ELD ELD 6.68 2 1,417,707 -0.06 BEARISH
TBR Tribune Resources 4.38 1.9 10,556 -0.02 BEARISH
SXY Senex Energy 0.32 1.6 741,493 0 BEARISH
HPI Hotel Property Investments 3.43 1.5 86,044 -0.01 BEARISH
GOR Gold Road Resources 1.03 1 841,237 -0.01 BEARISH
CGC Consolidated Gaming Corporation 5.1 1 1,251,479 0 BEARISH
CLH Collection House 1.28 0.8 75,635 0 BEARISH