Abacus Property

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

Fibonacci Retracements

Score

0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 33.0 0.33% 0.50% 8.2% -1.8% 18.6%
SHORT 12 29.3 0.42% 0.71% 5.3% -2.2% 11.2%

Summary

Technical Analysis

Abacus Property (ABP.AX)


Indicator:

FIBONACCI RETRACTION


Signal Strength: MEDIUM
Recommendation:

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


Abacus Property (ASX:ABP) : The current Fibonacci Retraction levels are:
(23.61%) $3.81
(38.2%) $3.45
(50%) $3.41
(61.8%) $3.38

The current support levels are:
(78.6%) $3.32
(100%) $3.26
(138.2%) $3.13
(161.8%) $3.06
(261.8%) $2.75
(423.61%) $2.24



A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 100%,


PROFILE: Abacus Property (ABP.AX)


Stock Exchange: ASX
Company: Abacus Property
Ticker Codes: | ABP.AX | ASX:ABP |

About Abacus Property (ASX:ABP):

Abacus Property Group is a diversified property group that specialises in investing in core plus property opportunities across Australia's commercial property markets. Abacus was established in 1996 and listed on the ASX in November 2002. Abacus has achieved a successful track record of acquiring property based assets and actively managing those assets to enhance income and capital growth. Abacus has a market capitalisation of $2.0bn.

Top 10:

Fibonacci Retracements

Download
Company Close Change(%) Volume Value Signal
HUO Huon Aquaculture 4.7 4.4 14,880 -0.32 BEARISH
VRL Village Roadshow 4.02 4.4 636,398 -0.22 BEARISH
PGH Pact 2.92 4.3 871,387 -0.02 BEARISH
ISU Iselect 0.51 4.1 3,617 -0.02 BEARISH
ADH Adairs 2.24 3.7 396,970 -0.07 BEARISH
BFC Beston Global Food 0.09 3.4 153,368 -0.01 BEARISH
CGC Consolidated Gaming Corporation 2.75 3.4 1,912,548 -0.89 BEARISH
VRT Virtus Health 4.47 3.2 173,410 -0.14 BEARISH
VGL Volante 3.64 3.1 46,740 -0.08 BEARISH
MDC Mcconnell Dowell Corporation 0.35 3 134,368 -0.16 BEARISH