What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Pivot Points

Score

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 137 3.7 0.46% 0.84% 2.1% -1.4% 26.2%
SHORT 137 3.6 0.31% 0.45% 2.4% -1.8% -72.2%

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: $ 78.857.
The current resistance levels are:
(R1) $79.954
(R2) $81.907
(R3) $83.004

The current support levels are:
(S1) $76.904
(S2) $75.807
(S3) $73.854



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.

Top 10:

Pivot Points

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Company Close Change(%) Volume Value Signal
RFG Retail Food 0.1 5.4 3,748,600 0 BEARISH
LYC Lynas Corporation 2 5 8,370,794 -0.03 BEARISH
CGC Consolidated Gaming Corporation 3 4.9 7,402,442 -0.1 BEARISH
KSL Kina Securities 1.3 4.4 718,261 -0.02 BEARISH
CVC CVC 1.7 3 10,442 0 BEARISH
PNV Polynovo 2.47 2.9 10,915,527 -0.01 BEARISH
DTL Data#3 4.28 2.4 1,256,879 -0.02 BEARISH
LVH Livehire 0.22 2.3 53,992 0 BEARISH
SDG Sunland 1.7 2.1 326,259 0 BEARISH
AGG Anglogold Ashanti 6.5 1.2 12,413 -0.01 BEARISH