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

Demark's Pivot Points

Score

-1.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 94 5.1 0.35% 0.49% 2.5% -2.7% -102.9%
SHORT 94 4.6 0.47% 0.65% 1.7% -1.8% -45.4%

Summary

Technical Analysis

Somnomed (SOM.AX)


Indicator:

DEMARK PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Somnomed (ASX:SOM) current pivot point (DeMark) is:
(R1) $1.693.

The current pivot point (DeMark) is:
(S1) $1.688.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;


PROFILE: Somnomed (SOM.AX)


Stock Exchange: ASX
Company: Somnomed
Ticker Codes: | SOM.AX | ASX:SOM |

About Somnomed (ASX:SOM):

SomnoMed Limited, together with its subsidiaries, produces and sells devices for the oral treatment of sleep related disorders in Australia and internationally. Its products include SomnoDent oral appliance for obstructive sleep apnea; and SomnoBrux, a mouthguard, which protects patient's from teeth grinding damage, as well as SomTabs for cleaning its devices. The company was founded in 2004 and is based in Crows Nest, Australia.

Top 10:

Demark's Pivot Points

Download
Company Close Change(%) Volume Value Signal
DWS DWS 1.13 6.6 119,422 0.02 BULLISH
IMD Imdex 1.1 5.8 2,149,957 0.02 BULLISH
GOR Gold Road Resources 1.05 5.6 2,804,920 0.01 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 0.11 BULLISH
PRU Perseus Mining 0.5 5.3 6,327,147 0.01 BULLISH
EVN Evolution Mining 4.13 4.8 11,519,500 0.04 BULLISH
BSL Bluescope Steel 11.76 3.2 3,871,335 0.04 BULLISH
NCM Newcrest Mining 30.12 3 2,953,902 0.1 BULLISH
LEP Ale Property 4.75 3 77,754 0.01 BULLISH
AGG Anglogold Ashanti 4.55 2.9 4,619 0.01 BULLISH