Regis 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 Extensions

Score

-0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 10 46.5 0.50% 0.83% 6.5% -4.2% 7.7%
SHORT 10 27.2 0.20% 0.25% 7.0% -4.9% -25.0%

Summary

Technical Analysis

Regis Resources (RRL.AX)


Indicator:

FIBONACCI EXTENSION


Signal Strength: MEDIUM
Recommendation:

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


Regis Resources (ASX:RRL) : The current Fibonacci Extension levels are:
(23.61%) $4.95
(38.2%) $4.84
(50%) $4.75
(61.8%) $4.65

The current support levels are:
(78.6%) $4.52
(100%) $4.35
(138.2%) $4.05
(161.8%) $3.86
(261.8%) $3.07
(423.61%) $1.79



Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.

Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;


PROFILE: Regis Resources (RRL.AX)


Stock Exchange: ASX
Company: Regis Resources
Ticker Codes: | RRL.AX | ASX:RRL |

About Regis Resources (ASX:RRL):

Regis Resources Limited, together with its subsidiaries, explores for, evaluates, and develops gold projects in Australia. The company owns 100% interest in the Duketon gold project located to the north of Laverton, Western Australia. It also owns interest in the McPhillamys gold project and Blayney gold project in New South Wales. Regis Resources Limited was founded in 1988 and is based in Subiaco, Australia.

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Fibonacci Extensions

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