Trading indicator
Pivot PointsBacktest 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% |
Trading Performance
Pivot Points
Score
-0.35
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 118 | 4.1 | 0.43% | 0.70% | 2.5% | -1.7% | 2.4% |
| SHORT | 117 | 4.2 | 0.41% | 0.68% | 2.1% | -1.7% | -20.8% |
Summary
Technical Analysis
Tpg Telecom (TPM.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.
Tpg Telecom (ASX:TPM) current pivot point is: $ 6.607.
The current resistance levels are:
(R1) $6.714
(R2) $6.817
(R3) $6.924
The current support levels are:
(S1) $6.504
(S2) $6.397
(S3) $6.294
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: Tpg Telecom (TPM.AX)
Stock Exchange: ASX
Company: Tpg Telecom
Ticker Codes: | TPM.AX | ASX:TPM |
TPG Telecom Limited provides telecommunication services to residential, small business, corporate, government, and wholesale customers in Australia and internationally. It offers ADSL2+, NBN, fiber optic and Ethernet broadband access, telephony services, Internet protocol television, SIM only mobile plans, and various business networking solutions. The company also provides various bundle plans; Internet products, including broadband off-net and premium SHDSL solutions; POP3 and Internet message access protocol email accounts; phone cards; and video surveillance and business VOIP products. In addition, it offers virtual private network, point-to-point, Ethernet multipoint connectivity, wavelength, and dark fiber services; SIP and inbound voice, ISDN PRI and PSTN, and BizPhone services; and private cloud, virtual data center, national AWS connect, and co-location services. The company was formerly known as SP Telemedia Limited and changed its name to TPG Telecom Limited in December 2009. TPG Telecom Limited is headquartered in North Ryde, Australia.
Top 10:
Pivot Points
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| AJX Alexium International | 0.13 | 13 | 328,122 | 0 | BULLISH CROSSOVER |
| BOC Bougainville Copper | 0.11 | 10 | 84,981 | 0 | BULLISH CROSSOVER |
| MGX Mount Gibson Iron | 1.06 | 9.3 | 5,320,324 | 0.02 | BULLISH CROSSOVER |
| MNF My Net Fone | 3.73 | 7.2 | 55,752 | 0.08 | BULLISH CROSSOVER |
| BSL Bluescope Steel | 11.73 | 6.5 | 4,817,859 | 0.19 | BULLISH CROSSOVER |
| GNG GR Engineering Services | 0.85 | 5.6 | 43,068 | 0.01 | BULLISH CROSSOVER |
| SFR Sandfire Resources | 6.67 | 5.5 | 1,218,623 | 0.07 | BULLISH CROSSOVER |
| OMH OM Holdings | 0.91 | 5.2 | 125,747 | 0.01 | BULLISH CROSSOVER |
| MEZ Meridian Energy | 4.41 | 5 | 29,189 | 0.03 | BULLISH CROSSOVER |
| BTI Bailador Technology Investments | 0.98 | 4.8 | 48,460 | 0.01 | BULLISH CROSSOVER |