Tpg Telecom

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%

What indicators would you like to backtest?

Trading Performance

Bar Reversal

Score

-0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 13.7 0.44% 0.78% 5.0% -3.8% 2.0%
SHORT 32 10.7 0.50% 0.94% 2.8% -3.3% -10.8%

Summary

Technical Analysis

Tpg Telecom (TPM.AX)


Indicator:

PIVOT REVERSAL


Last Signal:

BULLISH


Trading: BUY @ $6.61
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Tpg Telecom (ASX:TPM) A short term Pivot Reversal has formed with Tpg Telecom which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.



The pivot reversal is the only reversal signal that is present at all market turns. Many analysts use the pivot points as an entry or exit signal. The power of the pivot point is similar to the Island Reversal in that every trader who opened a position on the day made the extreme high or low is now losing and will scramble to get out.

Calculation: Pivot Reversal (PIVOT):
1) Uptrend: High is higher than the high of the bars either side of its Last day closes below the low of the day with the highest high;
2) Downtrend: Low is lower than the bars either side of it Last day closes above the high of the day with the lowest low;


PROFILE: Tpg Telecom (TPM.AX)


Stock Exchange: ASX
Company: Tpg Telecom
Ticker Codes: | TPM.AX | ASX:TPM |

About Tpg Telecom (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:

Bar Reversal

Download
Company Close Change(%) Volume Value Signal
AJX Alexium International 0.13 13 328,122 1 BULLISH
MGX Mount Gibson Iron 1.06 9.3 5,320,324 1 BULLISH
BSL Bluescope Steel 11.73 6.5 4,817,859 1 BULLISH
GNG GR Engineering Services 0.85 5.6 43,068 1 BULLISH
SFR Sandfire Resources 6.67 5.5 1,218,623 1 BULLISH
MAH Macmahon 0.21 5.1 1,402,377 1 BULLISH
PGH Pact 2.38 4.8 1,550,238 1 BULLISH
XIP Xenith Ip 2.2 4.3 130,384 1 BULLISH
EQT Equity Trustees 29 3.9 15,051 1 BULLISH
API Australian Pharmaceutical 1.38 3.4 2,092,952 1 BULLISH