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

0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 58 7.2 0.55% 1.10% 3.4% -2.1% 49.7%
SHORT 57 7.3 0.40% 0.66% 3.0% -2.9% -32.7%

Summary

Technical Analysis

Xero (XRO.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.


Xero (ASX:XRO) current pivot point is: $ 61.45.
The current resistance levels are:
(R1) $62.08
(R2) $62.55
(R3) $63.18

The current support levels are:
(S1) $60.98
(S2) $60.35
(S3) $59.88



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: Xero (XRO.AX)


Stock Exchange: ASX
Company: Xero
Ticker Codes: | XRO.AX | ASX:XRO |

About Xero (ASX:XRO):

Xero Limited, together with its subsidiaries, operates as a software as a service company worldwide. The company offers Xero, a cloud-based accounting software that connects small businesses to their advisors. It also provides accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook/Ledger; and Xero mobile app. The company serves various businesses, such as retail, high tech, non-profit, legal, Amazon sellers, hospitality, cafÚs, startups, construction, creatives, e-commerce, small business, healthcare, farming, manufacturing, tourism, and real estate. Xero Limited was founded in 2006 and is headquartered in Wellington, New Zealand.

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Pivot Points

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Company Close Change(%) Volume Value Signal
FXL Flexigroup 1.83 10.6 3,158,739 0.01 BULLISH
PRU Perseus Mining 0.77 8.5 17,484,605 0.02 BULLISH
SDA Speedcast International 1.92 6.7 5,078,109 0.04 BULLISH
CCV Cash Converters International 0.16 6.7 696,944 0 BULLISH
BPT Beach Petroleum 2 5.3 9,549,948 0.03 BULLISH
PGC Paragon Care 0.5 5.3 921,899 0 BULLISH
RSG Resolute Mining 1.82 4.6 12,510,848 0.03 BULLISH
PRT Prime Television 0.23 4.5 173,226 0 BULLISH
KSL Kina Securities 1.43 4.4 753,919 0 BULLISH
PEA Pacific Energy 0.72 4.3 988,388 0.01 BULLISH