Western Areas

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

Camarilla Pivot Points

Score

-1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 124 3.5 0.44% 0.70% 2.3% -2.1% -37.4%
SHORT 122 4.5 0.45% 0.73% 2.8% -2.7% -46.2%

Summary

Technical Analysis

Western Areas (WSA.AX)


Indicator:

CAMARILLA PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Western Areas (ASX:WSA) current pivot point Camarilla is: $2.009.

The current resistance levels are: (R1) $2.187
(R2) $2.355
(R3) $2.522
(R4) $3.025

The current support levels are: (S1) $1.853
(S2) $1.685
(S3) $1.518
(S4) $1.016



Camarilla pivot points were discovered in 1989 by Nick Scott, a successful bond trader. The basic thesis for this strategy is a common one: That price, as most time series, has a tendency to revert to its mean.

Calculation: Camarilla Pivot Points:
1) R4 = Close + (High – Low) * 1.1/2;
2) R3 = Close + (High – Low) * 1.1/4;
3) R2 = Close + (High – Low) * 1.1/6;
4) R1 = Close + (High – Low) * 1.1/12;
5) PP = (HIGH + LOW + CLOSE) / 3;
6) S1 = Close – (High – Low) * 1.1/12;
7) S2 = Close – (High – Low) * 1.1/6;
8) S3 = Close – (High – Low) * 1.1/4;
9) S4 = Close – (High – Low) * 1.1/2;


PROFILE: Western Areas (WSA.AX)


Stock Exchange: ASX
Company: Western Areas
Ticker Codes: | WSA.AX | ASX:WSA |

About Western Areas (ASX:WSA):

Western Areas Limited engages in the mining, processing, and sale of nickel sulphide concentrates. The company develops high grade nickel mines; and explores for nickel sulphides and other base metals in Australia, Canada, and Finland. Its flagship property is the Forrestania project located in Australia. The company was founded in 1999 and is headquartered in West Perth, Australia.

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Camarilla Pivot Points

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