DEMARK PIVOT POINT
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Myob (ASX:MYO) current pivot point (DeMark) is:
The current pivot point (DeMark) is:
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: Myob (MYO.AX)
Stock Exchange: ASX
Ticker Codes: | MYO.AX | ASX:MYO |
MYOB Group Limited develops and publishes software in Australia and New Zealand. It operates through three segments: Clients and Partners, Enterprise Solutions, and Payment Solutions. The Clients and Partners segment offers accounting, payroll, tax, and other business management solutions that assist in the management of small and medium enterprise (SME) businesses; and completion of compliance, including tax and accounting through advisers. It provides its solution for SMEs and advisers, with secure bank transaction data from banks and other financial institutions, as well as accounting professionals in practice. The Enterprise Solutions segment offers business management software, such as enterprise resource planning, payroll and human capital management, and human resource management solutions for medium and large businesses. The Payment Solutions segment provides payment solutions for businesses of various sizes comprising payment gateway services, fraud management, merchant service facilities, and invoice payments. It also offers support, training, and services to SMEs and accounting professionals in practice. The company also provides practice management, job costing, inventory, and others services. It offers its support services through client service channels comprising a network of accountants, bookkeepers, and other consultants. The company was founded in 1991 and is based in Glen Waverley, Australia.
Demark's Pivot PointsDownload
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