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 Fans

Score

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 32.2 0.45% 0.83% 18.3% -7.8% 44.6%
SHORT 12 32.1 0.17% 0.20% 2.3% -11.8% -113.1%

Summary

Technical Analysis

NRW (NWH.AX)


Indicator:

FIBONACCI FANS


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


NRW (ASX:NWH) : The current Fibonacci Fan levels are:
(23.61%) $1.46
: (38.2%) $1.69
: (50%) $1.89
: (61.8%) $2.08

The current support levels are:
(78.6%) $2.34
(100%) $2.68
(138.2%) $3.28
(161.8%) $3.66
(261.8%) $5.25
(423.61%) $7.8



Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance.

Calculation: Fibonacci Fans:
1) Uptrend Fan line 1: Drawn from extreme low through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme low through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme low through 50% retracement level on “invisible” vertical line Fan line;
c) Drawn from extreme low through 61.8% retracement level on “invisible” line;
2)Downtrend Fan line 1: Drawn from extreme high through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme high through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme high through 50% low retracement level on “invisible” vertical line;
c) Fan line 4: Drawn from extreme high through 61.8% retracement level on “invisible” vertical line;


PROFILE: NRW (NWH.AX)


Stock Exchange: ASX
Company: NRW
Ticker Codes: | NWH.AX | ASX:NWH |

About NRW (ASX:NWH):

NRW Holdings Limited, through its subsidiaries, provides civil and mining contracting services to resource and infrastructure sectors in Australia. It operates through three business divisions: NRW Civil & Mining, Action Drill & Blast (ADB), and AES Equipment Solutions (AES). The NRW Civil & Mining division delivers private and public civil infrastructure projects, mine development and contract mining, waste stripping, and ore haulage. This division's civil construction projects include bulk earthworks, rail formation, concrete installation, and construction of roads; and mining projects comprise work in iron ore, coal, and gold. The ADB division provides contract drill and blast services to mining sector, including iron ore, gold, coal, and lithium mines; and civil projects throughout Australia. The AES division offers maintenance services to the mining and resources sectors comprising the fabrication of water and service trucks. The company also sells plants and tires. NRW Holdings Limited was founded in 1994 and is headquartered in Belmont, Australia.

Top 10:

Fibonacci Fans

Download
Company Close Change(%) Volume Value Signal
ISD Isentia 0.15 20.8 1,057,241 -0.16 BEARISH
EMH European Metals Holdings 0.3 20.4 370,681 -0.71 BEARISH
MNS Milnes Holdings 0.07 16.4 1,133,686 -0.23 BEARISH
ATL ASX 20 0.1 16.3 289,754 -0.22 BEARISH
BFC Beston Global Food 0.08 14.3 399,394 -0.02 BEARISH
VRL Village Roadshow 1.14 14 354,335 -1.68 BEARISH
SXY Senex Energy 0.17 13.8 12,008,077 -0.16 BEARISH
KMD Kathmandu 0.96 13 1,085,149 -1.99 BEARISH
AGI Ainsworth Game Technology 0.41 12.3 313,697 -0.34 BEARISH
FBR Fastbrick Robotics 0.02 11.8 7,287,115 -0.03 BEARISH