Trading indicator
Fibonacci RetracementsTrade 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% |
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
0.35
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 8 | 64.9 | 0.50% | 1.00% | 18.5% | -3.0% | 62.1% |
| SHORT | 8 | 27.4 | 0.25% | 0.33% | 5.2% | -2.8% | -6.2% |
Summary
Technical Analysis
Charter Hall (CHC.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.
Charter Hall (ASX:CHC) : The current Fibonacci Retraction levels are:
(23.61%) $11.2
(38.2%) $9.73
(50%) $9.58
(61.8%) $9.43
The current support levels are:
(78.6%) $9.21
(100%) $8.94
(138.2%) $8.45
(161.8%) $8.15
(261.8%) $6.87
(423.61%) $4.8
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: Charter Hall (CHC.AX)
Stock Exchange: ASX
Company: Charter Hall
Ticker Codes: | CHC.AX | ASX:CHC |
Charter Hall Group (ASX:CHC) is one of Australia's leading fully integrated property groups, with over 25 years' experience managing and investing in high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has $21.9 billion of funds under management across the office, retail and industrial sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth. The Group's success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.
Top 10:
Fibonacci Retracements
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| PNV Polynovo | 1.94 | 11.8 | 11,074,353 | 0.07 | BULLISH |
| LYC Lynas Corporation | 2.58 | 8.9 | 9,724,310 | 0.9 | BULLISH |
| ISD Isentia | 0.26 | 8.3 | 518,734 | 0.2 | BULLISH |
| MLX Metals X | 0.11 | 8.2 | 3,754,499 | 0.12 | BULLISH |
| IMF IMF | 3.81 | 6.7 | 2,751,384 | 0.46 | BULLISH |
| BSL Bluescope Steel | 15.21 | 5.2 | 2,787,185 | 2.17 | BULLISH |
| LNK Link | 5.87 | 5 | 3,785,284 | 0.7 | BULLISH |
| RWC Reliance Worldwide Corporation | 4.18 | 4.8 | 2,029,284 | 0.67 | BULLISH |
| MND Monadelphous | 17.47 | 4.5 | 518,378 | 4.24 | BULLISH |
| PPH Pan Pharmaceuticals | 3.93 | 4.5 | 41,736 | 0.46 | BULLISH |