Pacific Energy

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

-1.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 17 24.0 0.24% 0.31% 3.7% -3.9% -36.2%
SHORT 17 18.5 0.18% 0.20% 4.8% -2.9% -29.0%

Summary

Technical Analysis

Pacific Energy (PEA.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.


Pacific Energy (ASX:PEA) : The current Fibonacci Retraction levels are:
(23.61%) $0.63
(38.2%) $0.6
(50%) $0.6
(61.8%) $0.59

The current support levels are:
(78.6%) $0.59
(100%) $0.59
(138.2%) $0.58
(161.8%) $0.57
(261.8%) $0.54
(423.61%) $0.5



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: Pacific Energy (PEA.AX)


Stock Exchange: ASX
Company: Pacific Energy
Ticker Codes: | PEA.AX | ASX:PEA |

About Pacific Energy (ASX:PEA):

Pacific Energy Limited, together with its subsidiaries, develops, builds, operates, and manages electricity generation facilities in Australia. As of September 11, 2017, it owned and operated 21 diesel, gas, and duel-fuelled power stations with a total power generation capacity of approximately 272 MW; and 2 hydro power stations with a combined capacity of 6 MW located in Melbourne, Victoria. The company is based in Landsdale, Australia.

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Fibonacci Retracements

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