Australian Stock Exchange

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

0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 7 67.3 0.71% 2.50% 8.8% -1.6% 40.8%
SHORT 7 36.7 0.14% 0.17% 6.3% -2.3% -7.2%

Summary

Technical Analysis

Australian Stock Exchange (ASX.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.


Australian Stock Exchange (ASX:ASX) : The current Fibonacci Extension levels are:
(23.61%) $0
(38.2%) $0
(50%) $0
(61.8%) $0

The current support levels are:
(78.6%) $0
(100%) $0
(138.2%) $0
(161.8%) $0
(261.8%) $0
(423.61%) $0



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: Australian Stock Exchange (ASX.AX)


Stock Exchange: ASX
Company: Australian Stock Exchange
Ticker Codes: | ASX.AX | ASX:ASX |

About Australian Stock Exchange (ASX:ASX):

ASX Limited, a multi-asset class and integrated exchange group, provides listings, trading, clearing, settlement, registry, and information and technical services in Australia and internationally. Its products comprise shares, indices, bonds, securities, exchange-traded products (ETFs) and other ETPs, managed funds, warrants, options, index derivatives, interest rate derivatives, grains derivatives, energy derivatives, and market making arrangements. The company also operates two trading, clearing and settlement platforms, such as ASX Trade is for equity and related equity derivative products and ASX Trade24 is for interest rate, equity index, and commodity futures products; helps product manufacturers to issue ETPs, warrants, and managed funds; and provides mFund settlement and trading services, as well as a range of solutions to access liquidity to financial market customers, including connections to other trading venues. In addition, it offers pricing and company information services through its various products and services comprising MarketSource, ComNews, and ReferencePoint; clearing risk management services; over-the-counter clearing; securities settlement facilities; and centralized securities depository tri-party collateral management services. Further, the company provides listing and issuer services to public companies and other issuers, as well as serves retail and institutional investors that invest in and trade securities. ASX Limited is based in Sydney, Australia.

Top 10:

Fibonacci Extensions

Download
Company Close Change(%) Volume Value Signal
CLQ Clean Teq Holdings 0.42 10.7 6,001,446 0.25 BULLISH
DNA Donaco International 0.12 9.1 3,465,966 0.09 BULLISH
TBR Tribune Resources 5.6 7.7 37,233 2.15 BULLISH
SAR Saracen Mineral 3.85 6.1 9,477,928 1.26 BULLISH
CSV CSG 0.18 6.1 316,092 0.09 BULLISH
SBM St Barbara Mines 3.08 5.5 15,379,603 1.01 BULLISH
GAP Gale Pacific 0.32 4.9 153,394 0.04 BULLISH
WAF West African Resources 0.33 4.8 3,311,755 0.1 BULLISH
CDD Cardno 0.9 4.7 98,516 0.9 BULLISH
HLO Helloworld 4.8 4.6 564,214 0.68 BULLISH