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 82 5.6 0.33% 0.42% 2.2% -2.4% -95.2%
SHORT 81 5.3 0.38% 0.54% 2.1% -2.8% -95.5%


Technical Analysis

Runge (RUL.AX)



Signal Strength: MEDIUM

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

Runge (ASX:RUL) current pivot point (Woodie) is:

The current resistance levels are:
(R1) $0.598
(R2) $0.599

The current support levels are:
(S1) $0.593
(S2) $0.589

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;


Stock Exchange: ASX
Company: Runge
Ticker Codes: | RUL.AX | ASX:RUL |

About Runge (ASX:RUL):

RPMGlobal Holdings Limited develops and provides mining software solutions in Australia, Asia, the Americas, Africa, and Europe. It provides enterprise mining and asset management, execution, financial, mine designing and reservation, planning and scheduling, and simulation software. The company offers enterprise planning framework; AMT, an asset management solution for mining equipment; operations manager, a shift wide productivity platform; XECUTE, an enterprise mine planning application for the ultra-short term planning horizon; Shiftlog software; XERAS, a budgeting and strategic planning solution; and XERAS Enterprise, an enterprise financial modeling system. It also provides decline optimization tool; large-scale underground network optimizer; planar underground network optimizer; COAL SEAM AGG and BLOCK AGG geological integration software; FRACSIS, a data integration software application; XPAC Solution, a mine scheduling software for oil sands, open cut coal and phosphate mines, open pit diamond and metal mines, quarries, and underground coal and metal mines; and XACT, a short term mine scheduling and enterprise software. In addition, the company offers DRAGSIM, a dragline simulation system for modeling dragline stripping operations; HAULNET, a haul route planning software; TALPAC, a haulage and loading simulator; HAULSIM, a 3D discrete event simulation software; SIMULATE, an enterprise-enabled solution for original equipment manufacturers; and Underground Coal TALPAC for long wall planning. Further, it provides mining project advisory services; mergers and acquisitions, project funding, and other services; and software and professional development training services, as well as laboratory gas testing services. The company was formerly known as RungePincockMinarco Limited and changed its name to RPMGlobal Holdings Limited in March 2017. RPMGlobal Holdings Limited was founded in 1968 and is headquartered in Brisbane, Australia.

Top 10:

Woodie Pivot Point

Company Close Change(%) Volume Value Signal
CLQ Clean Teq Holdings 0.32 12.5 2,429,222 0.01 BULLISH CROSSOVER
ISD Isentia 0.26 8.5 1,063,718 0 BULLISH CROSSOVER
CUV Clinuvel Pharmaceuticals 31.19 8.3 136,460 0.16 BULLISH CROSSOVER
EOS Electro Optic Systems Holdings 3.31 7.1 200,801 0.05 BULLISH CROSSOVER
PLS Pilbara Minerals 0.84 7.1 14,160,985 0.01 BULLISH CROSSOVER
CCV Cash Converters International 0.16 6.7 1,215,613 0 BULLISH CROSSOVER
CSV CSG 0.17 6.3 176,879 0 BULLISH CROSSOVER
GRR Grange Resources 0.28 5.8 2,503,451 0 BULLISH CROSSOVER
CGL The Citadel 4.33 5.1 176,486 0.04 BULLISH CROSSOVER
CAT Catuity 1.37 5 307,114 0.01 BULLISH CROSSOVER