ERM Power

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

-0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 39.4 0.25% 0.33% 8.4% -3.3% -4.7%
SHORT 12 17.9 0.08% 0.09% 12.2% -6.0% -53.4%

Summary

Technical Analysis

ERM Power (EPW.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.


ERM Power (ASX:EPW) : The current Fibonacci Retraction levels are:
(23.61%) $2.42
(38.2%) $2.39
(50%) $2.39
(61.8%) $2.39

The current support levels are:
(78.6%) $2.38
(100%) $2.38
(138.2%) $2.37
(161.8%) $2.37
(261.8%) $2.35
(423.61%) $2.32



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: ERM Power (EPW.AX)


Stock Exchange: ASX
Company: ERM Power
Ticker Codes: | EPW.AX | ASX:EPW |

About ERM Power (ASX:EPW):

ERM Power Limited, a diversified energy company, engages in electricity sales and electricity generation businesses in Australia and the United States. The company operates through Business Energy Australia, Business Energy US, Generation Assets, and Other segments. It operates 662 megawatts of low emission gas fired power stations in Western Australia and Queensland. The company is also involved in the gas, metering, data analytics, and lighting solutions business. It sells electricity to the commercial and industrial business customers. The company was founded in 1980 and is headquartered in Brisbane, Australia.

Top 10:

Fibonacci Retracements

Download
Company Close Change(%) Volume Value Signal
BEE Broo 0.02 17.6 103,609 0.01 BULLISH
OPT Opthea 3.16 15.8 3,270,751 0.06 BULLISH
CGS Cogstate 0.38 13.4 69,942 0.12 BULLISH
IMF IMF 3.84 9.7 1,046,963 0.56 BULLISH
ALK Alkane Exploration 0.6 8.1 1,764,219 0.62 BULLISH
SHV Select Harvests 8.19 5.8 551,469 1.75 BULLISH
BWX BWX 4.44 5.5 316,638 0.63 BULLISH
WAF West African Resources 0.41 5.1 634,643 0.05 BULLISH
ANG Austin Engineering 0.22 4.9 1,198,256 0.06 BULLISH
RUL Runge 0.88 4.8 278,388 0.07 BULLISH