Northern Star 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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Trading Performance

Fibonacci Retracements

Score

-1.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 40.2 0.55% 1.20% 9.9% -4.8% 35.2%
SHORT 11 19.8 0.00% 0.00% 0.0% -5.0% -55.2%

Summary

Technical Analysis

Northern Star Resources (NST.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.


Northern Star Resources (ASX:NST) : The current Fibonacci Retraction levels are:
(23.61%) $11.24
(38.2%) $8.21
(50%) $7.9
(61.8%) $7.58

The current support levels are:
(78.6%) $7.14
(100%) $6.57
(138.2%) $5.56
(161.8%) $4.93
(261.8%) $2.28
(423.61%) $-2.01



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: Northern Star Resources (NST.AX)


Stock Exchange: ASX
Company: Northern Star Resources
Ticker Codes: | NST.AX | ASX:NST |

About Northern Star Resources (ASX:NST):

Northern Star Resources Limited engages in the exploration and development of gold deposits in Australia. It holds interests in the Jundee, Kundana, Kanowna Belle, and Paulsens projects located in Western Australia; and the Central Tanami project located in the Northern Territory. The company was founded in 2000 and is based in Subiaco, Australia.

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Fibonacci Retracements

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