Ramelius Resources (RMS.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.
Ramelius Resources (ASX:RMS) current pivot point (Woodie) is:
$0.606.
The current resistance levels are:
(R1) $0.622
(R2) $0.651
The current support levels are:
(S1) $0.577
(S2) $0.561
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: Ramelius Resources (RMS.AX)
Stock Exchange: ASX
Company: Ramelius Resources
Ticker Codes: | RMS.AX | ASX:RMS |
Ramelius Resources Limited, together with its subsidiaries, engages in the exploration, mine development and operation, and production and sale of gold in Australia. The company holds interest in the Mt Magnet gold project located within the north-south striking Meekatharra-Mt Magnet greenstone belt of the Western Australian Murchison province; and the Vivien gold deposit located to the west of the town of Leinster in Western Australia. It also has interests in the Water Tank Hill/St George deposits in Western Australia; the Coogee gold project in Western Australia; the Kathleen Valley gold project in Western Australia; and the Tanami joint venture gold project in Northern Territory; and the exploration permit for minerals holdings in north Queensland. Ramelius Resources Limited is headquartered in East Perth, Australia.
Woodie Pivot Point

Company | Close | Change (%) | Volume | Value | Signal |
---|---|---|---|---|---|
NEA Nearmap | 2.57 | 7.5 | 3,461,849 | -0.01 | BEARISH CROSSOVER |
GSW Getswift | 0.48 | 4.3 | 174,155 | 0 | BEARISH CROSSOVER |
IMD Imdex | 1.21 | 4.3 | 561,356 | -0.01 | BEARISH CROSSOVER |
BRG Breville | 15.27 | 2.8 | 364,874 | -0.04 | BEARISH CROSSOVER |
BWX BWX | 1.62 | 1.6 | 396,089 | -0.01 | BEARISH CROSSOVER |
IGO Independence | 4.85 | 1.3 | 2,283,680 | -0.02 | BEARISH CROSSOVER |
IPH Ipoh | 5.95 | 1.2 | 639,337 | -0.02 | BEARISH CROSSOVER |
BVS Bravura Solutions | 4.6 | 1.1 | 864,062 | -0.01 | BEARISH CROSSOVER |
PAI Platinum Asia Investments | 1.09 | 0.9 | 104,093 | 0 | BEARISH CROSSOVER |
SNZ Summerset Holdings | 6.1 | 0.7 | 2,921 | -0.03 | BEARISH CROSSOVER |