CAMARILLA PIVOT POINT
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Steadfast (ASX:SDF) current pivot point Camarilla is: $2.982.
The current resistance levels are: (R1) $3.199
The current support levels are: (S1) $2.702
Camarilla pivot points were discovered in 1989 by Nick Scott, a successful bond trader. The basic thesis for this strategy is a common one: That price, as most time series, has a tendency to revert to its mean.
Calculation: Camarilla Pivot Points:
1) R4 = Close + (High – Low) * 1.1/2;
2) R3 = Close + (High – Low) * 1.1/4;
3) R2 = Close + (High – Low) * 1.1/6;
4) R1 = Close + (High – Low) * 1.1/12;
5) PP = (HIGH + LOW + CLOSE) / 3;
6) S1 = Close – (High – Low) * 1.1/12;
7) S2 = Close – (High – Low) * 1.1/6;
8) S3 = Close – (High – Low) * 1.1/4;
9) S4 = Close – (High – Low) * 1.1/2;
PROFILE: Steadfast (SDF.AX)
Stock Exchange: ASX
Ticker Codes: | SDF.AX | ASX:SDF |
Steadfast Group Limited operates in the insurance broking industry in Australasia, Asia, and Europe. It operates as a co-owner and consolidator of brokers; underwriting agencies; and other complementary businesses, including life and reinsurance broking, premium funding, technology, back office, work health consultancy, and specialized legal practice. The company operates a network of 361 general insurance brokers and 24 underwriting agencies. Steadfast Group Limited was founded in 1996 and is based in Sydney, Australia.
Camarilla Pivot PointsDownload
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|RSG Resolute Mining||1.15||6.5||9,128,506||0.01||BULLISH|
|PNI Pinnacle Investment Management||4.92||4||116,010||0.02||BULLISH|
|CEN Central Australian Phosphate||6.18||3.7||2,959||0.01||BULLISH|
|SMX Sms Management & Technology||0.28||3.7||7,893||0||BULLISH|
|SHL Sonic Healthcare||24.3||3.4||1,910,333||0||BULLISH|