Pacific Energy

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

-1.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 49 9.0 0.43% 0.57% 1.8% -2.3% -48.7%
SHORT 48 8.0 0.31% 0.43% 2.8% -2.6% -48.2%

Summary

Technical Analysis

Pacific Energy (PEA.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.


Pacific Energy (ASX:PEA) current pivot point (DeMark) is:
(R1) $0.72.

The current pivot point (DeMark) is:
(S1) $0.72.



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: Pacific Energy (PEA.AX)


Stock Exchange: ASX
Company: Pacific Energy
Ticker Codes: | PEA.AX | ASX:PEA |

About Pacific Energy (ASX:PEA):

Pacific Energy Limited, together with its subsidiaries, develops, builds, operates, and manages electricity generation facilities in Australia. As of September 11, 2017, it owned and operated 21 diesel, gas, and duel-fuelled power stations with a total power generation capacity of approximately 272 MW; and 2 hydro power stations with a combined capacity of 6 MW located in Melbourne, Victoria. The company is based in Landsdale, Australia.

Top 10:

Demark's Pivot Points

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Company Close Change(%) Volume Value Signal
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LVH Livehire 0.39 5.4 146,318 0.03 BULLISH
AJM Altura Mining 0.12 4.5 4,156,958 0 BULLISH
KSC K&S Corporation 1.9 3.8 10,200 0.02 BULLISH
KAR Karoon Gas Australia 1.23 3.8 1,326,249 0 BULLISH
CKF Collins Foods 8.42 2.9 216,313 0 BULLISH
OFX Ozforex 1.43 2.5 316,403 0.02 BULLISH
PNV Polynovo 1.68 2.1 1,391,111 0 BULLISH
MYS Mystate 4.75 1.9 52,742 0 BULLISH
GDI GDI Property 1.42 1.8 389,588 0.01 BULLISH