Whitehaven Coal

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

Bar Reversal

Score

0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 39 10.1 0.44% 0.77% 5.0% -2.6% 27.5%
SHORT 39 10.4 0.46% 0.86% 3.3% -3.8% -21.2%

Summary

Technical Analysis

Whitehaven Coal (WHC.AX)


Indicator:

PIVOT REVERSAL


Last Signal:

BEARISH


Trading: SELL @ $4.17
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.


Whitehaven Coal (ASX:WHC) A short term Pivot Reversal has formed with Whitehaven Coal which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 2 occurrences of this bar reversal giving a signal probability of 0.8%.



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: Whitehaven Coal (WHC.AX)


Stock Exchange: ASX
Company: Whitehaven Coal
Ticker Codes: | WHC.AX | ASX:WHC |

About Whitehaven Coal (ASX:WHC):

Whitehaven Coal Limited develops and operates coal mines in New South Wales. The company operates through Open Cut Operations and Underground Operations segments. It operates five mines in North West New South Wales; four open cut mines at Maules Creek, Werris Creek, Tarrawonga, and Rocglen; and one underground mine at Narrabri. The company offers thermal coal and metallurgical coal used in the production of steel. As of August 17, 2017, it had approximately 974 million tons of recoverable coal reserves; and 862 million tons of marketable coal reserves. The company sells its coal primarily in Japan, Taiwan, India, Korea, China, Chile, Malaysia, Vietnam, Noumea, Indonesia, Australia, and Mexico. Whitehaven Coal Limited was founded in 1999 and is headquartered in Sydney, Australia.

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