Trading indicator
Woodie Pivot PointTrade setup
| Position | Order | Entry | Exit | Stop Loss | Risk | Return | Expectancy |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Woodie Pivot Point
Score
-0.45
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 113 | 4.3 | 0.51% | 0.85% | 1.3% | -1.1% | 0.3% |
| SHORT | 115 | 4.0 | 0.42% | 0.66% | 1.3% | -1.1% | -17.4% |
Summary
Technical Analysis
Stockland (SGP.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.
Stockland (ASX:SGP) current pivot point (Woodie) is:
$5.033.
The current resistance levels are:
(R1) $5.056
(R2) $5.083
The current support levels are:
(S1) $5.006
(S2) $4.983
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: Stockland (SGP.AX)
Stock Exchange: ASX
Company: Stockland
Ticker Codes: | SGP.AX | ASX:SGP |
Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia's largest diversified property group ? owning, developing and managing a large portfolio of shopping centres, residential communities, logistic centres, business parks, office assets and retirement living villages. Stockland is rated as one of the most sustainable real estate companies in the world by the Dow Jones Sustainability World Index (DJSI). Stockland is also an Employer of Choice for Gender Equality, as recognised by the Workplace Gender Equality Agency.
Top 10:
Woodie Pivot Point
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MVP Medical Developments | 10.28 | 8.8 | 674,204 | 0.04 | BULLISH CROSSOVER |
| NZK New Zealand King Salmon Investments | 2.2 | 5.3 | 8,766 | 0.01 | BULLISH CROSSOVER |
| PNI Pinnacle Investment Management | 4.81 | 4.3 | 558,446 | 0.03 | BULLISH CROSSOVER |
| EOS Electro Optic Systems Holdings | 9.85 | 3.9 | 490,421 | 0.01 | BULLISH CROSSOVER |
| CGC Consolidated Gaming Corporation | 2.75 | 3.4 | 1,912,548 | 0.02 | BULLISH CROSSOVER |
| VGL Volante | 3.64 | 3.1 | 46,740 | 0.01 | BULLISH CROSSOVER |
| MDC Mcconnell Dowell Corporation | 0.35 | 3 | 134,368 | 0.01 | BULLISH CROSSOVER |
| AHY Asaleo Care | 1.11 | 2.8 | 121,163 | 0 | BULLISH CROSSOVER |
| MFG Magellan Financial | 66.52 | 2.3 | 276,611 | 0.09 | BULLISH CROSSOVER |
| CKF Collins Foods | 9.14 | 2 | 451,169 | 0.03 | BULLISH CROSSOVER |