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

Demark's Pivot Points

Score

0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 120 3.7 0.56% 1.22% 1.2% -1.2% 16.8%
SHORT 122 4.3 0.36% 0.56% 2.1% -1.5% -27.3%

Summary

Technical Analysis

Resmed (RMD.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.


Resmed (ASX:RMD) current pivot point (DeMark) is:
(R1) $17.445.

The current pivot point (DeMark) is:
(S1) $17.265.



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: Resmed (RMD.AX)


Stock Exchange: ASX
Company: Resmed
Ticker Codes: | RMD.AX | ASX:RMD |

About Resmed (ASX:RMD):

ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders comprising sleep disordered breathing, chronic obstructive pulmonary disease, neuromuscular disease, and other chronic diseases. It offers various products and solutions for a range of respiratory disorders, including technologies to be applied in medical and consumer products, ventilation devices, diagnostic products, mask systems for use in the hospital and home, headgear and other accessories, dental devices, portable oxygen concentrators, and cloud-based software informatics solutions to manage patient outcomes, as well as provides customer and business processes. The company also provides humidifiers, carry bags, and breathing circuits; and data communications and control products, such as EasyCare, ResLink, ResControl, ResControl II, TxControl, ResScan, and ResTraxx modules that facilitate the transfer of data and other information to and from the flow generators. It markets its products to sleep clinics, home healthcare dealers, patients, hospitals, physicians, and third-party payers through a network of distributors and direct sales force in approximately 120 countries. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California.

Top 10:

Demark's Pivot Points

Download
Company Close Change(%) Volume Value Signal
MGC Mg Unit Trust 0.35 18.6 1,279,050 0.01 BULLISH CROSSOVER
ADH Adairs 1.48 18.4 5,926,270 0.02 BULLISH CROSSOVER
ONE Oneview Healthcare 0.23 9.5 232,054 0.01 BULLISH CROSSOVER
RND Rand Mining 3.25 8.3 8,137 0.04 BULLISH CROSSOVER
ALK Alkane Exploration 0.46 7.1 4,445,709 0.01 BULLISH CROSSOVER
TLG Talga Gold 0.49 6.6 113,070 0.01 BULLISH CROSSOVER
MAH Macmahon 0.22 4.8 908,462 0 BULLISH CROSSOVER
EVO Evolve Education 0.13 4 3,170,554 0 BULLISH CROSSOVER
DMP Domino 39.13 3.9 396,639 0.24 BULLISH CROSSOVER
TRS Reject Shop 2.02 3.6 55,060 0.02 BULLISH CROSSOVER