Avon Resources

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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Fibonacci Extensions

Score

0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 3 120.7 0.67% 2.00% 8.8% -3.8% 13.7%
SHORT 3 110.0 0.67% 2.00% 3.5% -3.8% 3.2%

Summary

Technical Analysis

Avon Resources (AVN.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.


Avon Resources (ASX:AVN) : The current Fibonacci Extension levels are:
(23.61%) $2.53
(38.2%) $2.5
(50%) $2.48
(61.8%) $2.46

The current support levels are:
(78.6%) $2.43
(100%) $2.39
(138.2%) $2.32
(161.8%) $2.28
(261.8%) $2.1
(423.61%) $1.81



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: Avon Resources (AVN.AX)


Stock Exchange: ASX
Company: Avon Resources
Ticker Codes: | AVN.AX | ASX:AVN |

About Avon Resources (ASX:AVN):

Aventus Property Group (APG) is a specialist fund and asset manager of Large Format Retail (LFR) centres in Australia. Aventus Property Group has been established to provide management services to the Aventus Retail Property Fund, a managed investment trust that was listed in October 2015 to invest in Australian retail property, focusing on LFR centres. APG is jointly owned by entities associated with its CEO, Darren Holland and Brett Blundy who share over 60 years of retail and property experience and have developed significant insight into operations, property management, leasing, development and enhancement of retail and homemaker centres across Australia.

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Fibonacci Extensions

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