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

Demark's Pivot Points

Score

0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 130 3.6 0.58% 1.31% 1.8% -1.5% 54.1%
SHORT 129 3.9 0.37% 0.57% 2.6% -2.0% -44.0%

Summary

Technical Analysis

Xero (XRO.AX)


Indicator:

DEMARK 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 (DeMark) is:
(R1) $84.745.

The current pivot point (DeMark) is:
(S1) $83.275.



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: 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:

Demark's Pivot Points

Download
Company Close Change(%) Volume Value Signal
VOC Vocus Communications 3.2 8.1 5,453,355 0 BEARISH
MCP Mcphersons 2.85 6.7 777,047 -0.01 BEARISH
ORE Orocobre 3.4 6.6 5,681,011 -0.01 BEARISH
IPD Impedimed 0.17 6.5 264,442 0 BEARISH
KAR Karoon Gas Australia 1.39 4.9 4,815,705 -0.24 BEARISH
RAP Resapp Health 0.27 3.9 1,420,314 -0.01 BEARISH
MTO Moto Goldmines 1.98 3.4 9,360 0 BEARISH
MYX Myx 0.47 3.3 3,918,429 -0.01 BEARISH
BFC Beston Global Food 0.1 3.2 71,458 0 BEARISH
CSL CSL 299.3 2.8 715,154 -1.29 BEARISH