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



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 122 4.3 0.57% 1.21% 0.9% -0.8% 17.7%
SHORT 123 3.6 0.51% 0.93% 0.8% -0.8% -1.5%


Technical Analysis

Woolworths (WOW.AX)



Signal Strength: MEDIUM

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

Woolworths (ASX:WOW) current pivot point (DeMark) is:
(R1) $32.39.

The current pivot point (DeMark) is:
(S1) $32.11.

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: Woolworths (WOW.AX)

Stock Exchange: ASX
Company: Woolworths
Ticker Codes: | WOW.AX | ASX:WOW |

About Woolworths (ASX:WOW):

Woolworths Group Limited operates retail stores. The company operates through Australian Food, New Zealand Food, Endeavour Drinks, BIG W, and Hotels segments. The Australian Food segment engages in the procurement and resale of food products to customers in Australia. It operates 995 Woolworths supermarkets and 3 Thomas Dux stores. The New Zealand Food segment is involved in the procurement and resale of food and drinks to customers in New Zealand. It operates 184 Countdown supermarkets, as well as engages in wholesale operations. The Endeavour Drinks Group segment procures and resells liquor products to customers in Australia. This segment operates 1,517 liquor stores under the Dan Murphy's and BWS brands; and 2 Summergate stores, as well as the Cellarmasters, Langtons, and winemarket.com.au online platforms. The BIG W segment procures and resells discount general merchandise products to customers in Australia. It operates 185 BIG W stores. The Hotels segment offers leisure and hospitality services, including food and drinks, accommodation, entertainment, and gaming in Australia. This segment operates 329 hotels, including bars, dining, gaming, accommodation, and venue hire operations. It also provides financial services, including credit cards, reloadable MasterCards, and gift cards. The company was formerly known as Woolworths Limited and changed its name to Woolworths Group Limited in December 2017. Woolworths Group Limited was founded in 1924 and is based in Bella Vista, Australia.

Top 10:

Demark's Pivot Points

Company Close Change(%) Volume Value Signal
PGC Paragon Care 0.45 2.3 1,784,097 0 BEARISH CROSSOVER
COE Cooper Energy 0.54 1.9 4,193,921 0 BEARISH CROSSOVER
GMA Genworth Mortgage Insurance Australia 2.84 1.1 1,319,719 -0.02 BEARISH CROSSOVER
NZK New Zealand King Salmon Investments 1.98 1 3,333 -0.01 BEARISH CROSSOVER
NSR National Storage 1.85 0.8 1,466,232 0 BEARISH CROSSOVER
MGR Mirvac 3.21 0.6 9,030,497 -0.01 BEARISH CROSSOVER
CYB Cybg 3.34 0.6 2,749,718 -0.01 BEARISH CROSSOVER
BWP Bunnings Warehouse Property Trust 3.77 0.5 599,765 0 BEARISH CROSSOVER
RHL Ruralco Holdings 4.17 0.5 249,565 0 BEARISH CROSSOVER
XTJ ASX 200 Telecomms 1344.4 0.4 0 -0.95 BEARISH CROSSOVER