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 Retracements

Score

0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 23.3 0.31% 0.44% 6.5% -4.2% -11.6%
SHORT 13 32.5 0.46% 0.86% 34.0% -5.9% 162.8%

Summary

Technical Analysis

Iselect (ISU.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.


Iselect (ASX:ISU) : The current Fibonacci Retraction levels are:
(23.61%) $0.63
(38.2%) $0.53
(50%) $0.52
(61.8%) $0.51

The current support levels are:
(78.6%) $0.5
(100%) $0.48
(138.2%) $0.45
(161.8%) $0.43
(261.8%) $0.34
(423.61%) $0.2



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: Iselect (ISU.AX)


Stock Exchange: ASX
Company: Iselect
Ticker Codes: | ISU.AX | ASX:ISU |

About Iselect (ASX:ISU):

iSelect Limited provides online comparison and expert advisory services of insurance, utilities, and personal finance products in Australia. The company operates through three segments: Health, Life and General Insurance, and Energy and Telecommunications. It compares and sells private health insurance, life, car, pet, travel, and home and contents insurance; and broadband, mobile phones and plans, energy, home loans, and personal finance products. The company offers its services under the iSelect, InfoChoice, and Energy Watch brands. iSelect Limited was founded in 2000 and is headquartered in Cheltenham, Australia.

Top 10:

Fibonacci Retracements

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