Southern Cross Media

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

0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 106 4.6 0.50% 0.80% 1.9% -1.3% 17.6%
SHORT 107 4.2 0.52% 0.82% 1.7% -1.2% 14.2%

Summary

Technical Analysis

Southern Cross Media (SXL.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.


Southern Cross Media (ASX:SXL) current pivot point (DeMark) is:
(R1) $1.263.

The current pivot point (DeMark) is:
(S1) $1.233.



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: Southern Cross Media (SXL.AX)


Stock Exchange: ASX
Company: Southern Cross Media
Ticker Codes: | SXL.AX | ASX:SXL |

About Southern Cross Media (ASX:SXL):

Southern Cross Media Group Limited engages in the creation and broadcasting of content on free to air commercial radio, TV, and online media platforms in Australia. The company owns 140 radio stations across 68 markets; and owns 19 regional free to air television licenses that cover 30 regional sub markets. It provides online advertising and integration through approximately 85 Websites; and develops microsites, mobile apps, online videos, and social media campaigns for clients. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited is based in South Melbourne, Australia.

Top 10:

Demark's Pivot Points

Download
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NAB National Australia Bank 25.81 7.9 23,451,421 0.04 BULLISH CROSSOVER
ANZ Australia & Banking 27.86 7.8 14,554,708 0.2 BULLISH CROSSOVER
CBA Commonwealth Bank 77.4 6.3 9,829,411 0.44 BULLISH CROSSOVER
MEZ Meridian Energy 4.2 6.3 25,687 0.03 BULLISH CROSSOVER