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

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 27.4 0.17% 0.20% 5.5% -4.9% -37.9%
SHORT 13 31.2 0.46% 0.75% 11.6% -5.8% 23.6%

Summary

Technical Analysis

Nufarm (NUF.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.


Nufarm (ASX:NUF) : The current Fibonacci Retraction levels are:
(23.61%) $4.64
(38.2%) $4.8
(50%) $4.94
(61.8%) $5.07

The current support levels are:
(78.6%) $5.26
(100%) $5.5
(138.2%) $5.93
(161.8%) $6.2
(261.8%) $7.33
(423.61%) $9.16



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: Nufarm (NUF.AX)


Stock Exchange: ASX
Company: Nufarm
Ticker Codes: | NUF.AX | ASX:NUF |

About Nufarm (ASX:NUF):

Nufarm Limited, together with its subsidiaries, manufactures and sells crop protection products in Australia, New Zealand, Asia, Europe, North America, Latin America, and internationally. It operates through two segments, Crop Protection and Seed Technologies. The company offers herbicides, insecticides, fungicides, and plant growth regulators to protect crops from damage caused by weeds, pests, and diseases. It also provides seeds and seed treatment products; and engages in croplands equipment business. The company is headquartered in Laverton North, Australia.

Top 10:

Fibonacci Retracements

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