Medical Developments

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

-1.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 21.5 0.21% 0.27% 14.8% -6.4% -37.4%
SHORT 21 14.0 0.19% 0.24% 4.3% -4.1% -52.5%

Summary

Technical Analysis

Medical Developments (MVP.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.


Medical Developments (ASX:MVP) : The current Fibonacci Retraction levels are:
(23.61%) $5.01
(38.2%) $5.1
(50%) $5.18
(61.8%) $5.26

The current support levels are:
(78.6%) $5.37
(100%) $5.51
(138.2%) $5.76
(161.8%) $5.92
(261.8%) $6.58
(423.61%) $7.65



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: Medical Developments (MVP.AX)


Stock Exchange: ASX
Company: Medical Developments
Ticker Codes: | MVP.AX | ASX:MVP |

About Medical Developments (ASX:MVP):

Medical Developments International Limited manufactures and distributes pharmaceutical drugs, and medical and veterinary equipment. The company operates in three segments: Pharmaceuticals, Medical Devices, and Veterinary products. It offers asthma and COPD pressurized metered dose inhalers, as well as masks and peak flow meters for asthma management; Penthrox, a prescription only medicine for acute pain; medical devices; and various veterinary anesthetic machines to veterinarians. The company operates in Australia, Europe, North America, the Middle East, Asia, and South Africa. Medical Developments International Limited is headquartered in Scoresby, Australia.

Top 10:

Fibonacci Retracements

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