Perpetual Equity Investment

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

-0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 30.4 0.23% 0.30% 3.7% -1.3% -2.4%
SHORT 14 25.6 0.36% 0.50% 1.8% -1.9% -10.6%

Summary

Technical Analysis

Perpetual Equity Investment (PIC.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.


Perpetual Equity Investment (ASX:PIC) : The current Fibonacci Retraction levels are:
(23.61%) $0.97
(38.2%) $0.98
(50%) $0.99
(61.8%) $1

The current support levels are:
(78.6%) $1.01
(100%) $1.02
(138.2%) $1.04
(161.8%) $1.06
(261.8%) $1.12
(423.61%) $1.21



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: Perpetual Equity Investment (PIC.AX)


Stock Exchange: ASX
Company: Perpetual Equity Investment
Ticker Codes: | PIC.AX | ASX:PIC |

About Perpetual Equity Investment (ASX:PIC):

Perpetual Equity Investment Company Limited invests in listed securities. The company was incorporated in 2014 and is based in Sydney, Australia.

Top 10:

Fibonacci Retracements

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