Suncorp-Metway

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

Pivot Points

Score

1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 116 4.5 0.50% 0.95% 1.2% -0.9% 18.8%
SHORT 118 3.7 0.54% 1.10% 1.2% -0.9% 27.5%

Summary

Technical Analysis

Suncorp-Metway (SUN.AX)


Indicator:

PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Suncorp-Metway (ASX:SUN) current pivot point is: $ 13.615.
The current resistance levels are:
(R1) $13.75
(R2) $13.85
(R3) $13.985

The current support levels are:
(S1) $13.515
(S2) $13.38
(S3) $13.28



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


PROFILE: Suncorp-Metway (SUN.AX)


Stock Exchange: ASX
Company: Suncorp-Metway
Ticker Codes: | SUN.AX | ASX:SUN |

About Suncorp-Metway (ASX:SUN):

Suncorp Group Limited provides insurance, banking, and wealth products and services to retail, corporate, and commercial sectors in Australia and New Zealand. It operates through Insurance, Banking & Wealth, and Suncorp New Zealand segments. The company offers home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, compulsory third party, loan protection, equity and cash benefit, life, trauma, total and permanent disablement, and income protection insurance products. It also provides agribusiness, property, and equipment finance; home, personal, and small business loans; savings and transaction accounts; foreign exchange services; treasury products and services; superannuation products; and funds administration and financial planning services. The company was formerly known as Suncorp-Metway Limited and changed its name to Suncorp Group Limited in December 2010. Suncorp Group Limited was founded in 1902 and is based in Brisbane, Australia.

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