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%

What indicators would you like to backtest?

Trading Performance

Woodie Pivot Point

Score

-0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 113 4.2 0.46% 0.74% 1.8% -1.3% 0.5%
SHORT 115 4.1 0.39% 0.57% 1.2% -1.0% -25.6%

Summary

Technical Analysis

Navitas (NVT.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.


Navitas (ASX:NVT) current pivot point (Woodie) is:
$5.804.

The current resistance levels are:
(R1) $5.808
(R2) $5.819

The current support levels are:
(S1) $5.793
(S2) $5.789



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: Navitas (NVT.AX)


Stock Exchange: ASX
Company: Navitas
Ticker Codes: | NVT.AX | ASX:NVT |

About Navitas (ASX:NVT):

Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.

Top 10:

Woodie Pivot Point

Download
Company Close Change(%) Volume Value Signal
IPD Impedimed 0.12 9.5 2,638,079 0 BEARISH
EDE Eden Energy 0.03 3.6 1,953,073 0 BEARISH
CVW Clearview Wealth 0.64 3.2 22,899 0 BEARISH
SGM Sims 10.22 3.2 904,700 -0.01 BEARISH
WOR Worleyparsons 14.11 2.8 2,187,659 -0.05 BEARISH
RAP Resapp Health 0.19 2.7 1,282,925 0 BEARISH
SDA Speedcast International 3.46 2.4 1,054,293 0 BEARISH
OZL Oz Minerals 9.94 2.3 2,559,751 -0.01 BEARISH
TBR Tribune Resources 4.8 2.1 27,808 0 BEARISH
BHP BHP 40.98 2 5,929,455 -0.01 BEARISH