Reece Australia

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

Woodie Pivot Point



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 117 3.6 0.38% 0.55% 1.0% -1.1% -46.3%
SHORT 118 4.5 0.31% 0.41% 12.5% -1.4% 325.9%


Technical Analysis

Reece Australia (REH.AX)



Signal Strength: MEDIUM

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.

Reece Australia (ASX:REH) current pivot point (Woodie) is:

The current resistance levels are:
(R1) $10.386
(R2) $10.503

The current support levels are:
(S1) $10.156
(S2) $10.043

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: Reece Australia (REH.AX)

Stock Exchange: ASX
Company: Reece Australia
Ticker Codes: | REH.AX | ASX:REH |

About Reece Australia (ASX:REH):

Reece Limited engages in importing, wholesaling, distribution, marketing, and retailing plumbing, bathroom, heating, ventilation, air-conditioning, and refrigeration products in Australia and New Zealand. The company offers bathroom products, including accessories and homewares, basins, baths and spas, exhaust fans, heated towel rails, showers, tapwares, toilets and bidets, underfloor heating, vanity units/bathroom furniture, and wastes; laundry tapwares and troughs; sink tapwares, sinks, sink accessories, and kitchen appliances; and commercial products. It also provides hot water systems, pipes and fittings, tools, hardware and building construction products, heating and cooling products, water filtration products, water tanks, pumps, valves, fire products, and roofing products. In addition, the company offers irrigation products, such as sprinklers, solenoid valves and boxes, and irrigation control products; civil products comprising pits and shafts and test plugs; onsite products; and HVAC-R products, including refrigeration and heating and cooling products. It serves customers in the trade, retail, professional, and commercial markets through its approximately 450 stores. The company was formerly known as Reece Australia Limited and changed its name to Reece Limited in November 2015. Reece Limited was founded in 1919 and is based in Burwood, Australia.

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Woodie Pivot Point

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