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

Fibonacci Extensions

Score

0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 35.6 0.25% 0.33% 14.1% -3.9% 4.7%
SHORT 8 55.9 0.50% 1.00% 17.2% -3.1% 56.2%

Summary

Technical Analysis

Aveo (AOG.AX)


Indicator:

FIBONACCI EXTENSION


Signal Strength: MEDIUM
Recommendation:

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


Aveo (ASX:AOG) : The current Fibonacci Extension levels are:
(23.61%) $2.08
(38.2%) $2.04
(50%) $2.01
(61.8%) $1.97

The current support levels are:
(78.6%) $1.93
(100%) $1.87
(138.2%) $1.77
(161.8%) $1.7
(261.8%) $1.43
(423.61%) $1



Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.

Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;


PROFILE: Aveo (AOG.AX)


Stock Exchange: ASX
Company: Aveo
Ticker Codes: | AOG.AX | ASX:AOG |

About Aveo (ASX:AOG):

Aveo Group invests in, develops, and manages retirement villages in Australia. The company develops and operates retirement villages and aged care facilities. It also develops residential, commercial, and retail properties. In addition, the company is involved in the investment and management of retail, commercial, and industrial properties; and funds and asset management activities. It operates a portfolio of 90 senior living communities, including retirement living, freedom aged care, and residential aged care communities. The company was formerly known as FKP Property Group and changed its name to Aveo Group in November 2013. Aveo Group was founded in 1991 and is based in Sydney, Australia.

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Fibonacci Extensions

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