Pinnacle Investment Management

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

Range Change

Score

1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 83 5.9 0.47% 0.87% 4.5% -2.1% 84.2%
SHORT 84 4.8 0.44% 0.69% 3.7% -2.3% 15.5%

Summary

Technical Analysis

Pinnacle Investment Management (PNI.AX)


Indicator:

RANGE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $4.92
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Pinnacle Investment Management (ASX:PNI) sellers are increasingly eager. This is the first day sellers have increasing eagerness for PNI adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.7300 & the greatest daily price range this year has been $2.3200. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.3x.



The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;


PROFILE: Pinnacle Investment Management (PNI.AX)


Stock Exchange: ASX
Company: Pinnacle Investment Management
Ticker Codes: | PNI.AX | ASX:PNI |

About Pinnacle Investment Management (ASX:PNI):

Pinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and aligned investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts. The company was formerly known as Wilson Group Limited and changed its name to Pinnacle Investment Management Group Limited in August 2016. Pinnacle Investment Management Group Limited was founded in 1895 and is based in Sydney, Australia.

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