Woodside Petroleum

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

Pivot Points

Score

1.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 123 3.7 0.53% 1.05% 1.6% -1.0% 37.5%
SHORT 123 4.1 0.45% 0.80% 1.7% -1.0% 25.6%

Summary

Technical Analysis

Woodside Petroleum (WPL.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.


Woodside Petroleum (ASX:WPL) current pivot point is: $ 37.3.
The current resistance levels are:
(R1) $37.65
(R2) $37.9
(R3) $38.25

The current support levels are:
(S1) $37.05
(S2) $36.7
(S3) $36.45



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: Woodside Petroleum (WPL.AX)


Stock Exchange: ASX
Company: Woodside Petroleum
Ticker Codes: | WPL.AX | ASX:WPL |

About Woodside Petroleum (ASX:WPL):

Woodside Petroleum Ltd, an independent oil and gas company, engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons. The company's products include liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas, and crude oil. It holds interests in the North West Shelf project located in Western Australia; and operates a fleet of floating oil production, storage, and offloading facilities in Australia. The company's exploration portfolio includes emerging and frontier provinces in Australia and the Asia-Pacific region, the Atlantic margins, and Sub-Saharan Africa. It is also involved in the provision of trading, LNG processing, ship chartering, and other services. The company operates in Oceania, Asia, Canada, Africa, and internationally. Woodside Petroleum Ltd was founded in 1954 and is headquartered in Perth, Australia.

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