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

Score

-3.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 91 4.4 0.26% 0.32% 0.9% -1.2% -66.8%
SHORT 89 5.7 0.26% 0.32% 1.9% -1.5% -66.8%

Summary

Technical Analysis

Sunland (SDG.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.


Sunland (ASX:SDG) current pivot point (Woodie) is:
$1.79.

The current resistance levels are:
(R1) $1.82
(R2) $1.83

The current support levels are:
(S1) $1.78
(S2) $1.75



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: Sunland (SDG.AX)


Stock Exchange: ASX
Company: Sunland
Ticker Codes: | SDG.AX | ASX:SDG |

About Sunland (ASX:SDG):

Sunland Group Limited develops and constructs residential properties in Australia. It operates through Residential Housing and Urban Development, and Multi-Storey segments. The Residential Housing and Urban Development segment is involved in land subdivision and medium density integrated housing developments, as well as provides project services. The Multi-Storey segment develops and sells medium-rise projects between 5 and 15 storeys, and high-rise developments above 15 storeys. Sunland Group Limited was founded in 1983 and is based in Brisbane, Australia.

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Woodie Pivot Point

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