Neometals

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

-3.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 47 8.5 0.30% 0.34% 1.5% -3.6% -128.8%
SHORT 45 9.2 0.38% 0.49% 3.5% -4.5% -96.0%

Summary

Technical Analysis

Neometals (NMT.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.


Neometals (ASX:NMT) current pivot point (DeMark) is:
(R1) $0.208.

The current pivot point (DeMark) is:
(S1) $0.203.



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: Neometals (NMT.AX)


Stock Exchange: ASX
Company: Neometals
Ticker Codes: | NMT.AX | ASX:NMT |

About Neometals (ASX:NMT):

Neometals Ltd explores and evaluates mineral properties in Australia. It operates through three segments: Lithium, Titanium, and Other. The company explores for lithium, titanium, and vanadium. Its principal assets include the Mt Marion Lithium and Barrambie Titanium projects located in Western Australia. It also provides various processes to extract valuable metals for a range of base, light, and precious metal oxides, as well as for sulphides, intermediates, and waste feeds. The company was formerly known as Reed Resources Ltd. and changed its name to Neometals Ltd in December 2014. Neometals Ltd is based in West Perth, Australia.

Top 10:

Demark's Pivot Points

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ABC Adelaide Brighton 4.35 4.3 2,365,140 -0.03 BEARISH CROSSOVER
EML Emerchants 3.24 3.5 792,054 -0.01 BEARISH CROSSOVER
CCV Cash Converters International 0.15 3.4 3,881,748 0 BEARISH CROSSOVER
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