Stockland

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%

What indicators would you like to backtest?

Trading Performance

Fibonacci Fans

Score

-0.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 21 11.8 0.38% 0.62% 1.9% -1.8% -7.4%
SHORT 21 24.7 0.29% 0.40% 6.0% -2.2% 3.4%

Summary

Technical Analysis

Stockland (SGP.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.


Stockland (ASX:SGP) : The current Fibonacci Fan levels are:
(23.61%) $4.94
: (38.2%) $4.12
: (50%) $4.03
: (61.8%) $3.95

The current support levels are:
(78.6%) $3.82
(100%) $3.68
(138.2%) $3.4
(161.8%) $3.23
(261.8%) $2.52
(423.61%) $1.36



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: Stockland (SGP.AX)


Stock Exchange: ASX
Company: Stockland
Ticker Codes: | SGP.AX | ASX:SGP |

About Stockland (ASX:SGP):

Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia's largest diversified property group ? owning, developing and managing a large portfolio of shopping centres, residential communities, logistic centres, business parks, office assets and retirement living villages. Stockland is rated as one of the most sustainable real estate companies in the world by the Dow Jones Sustainability World Index (DJSI). Stockland is also an Employer of Choice for Gender Equality, as recognised by the Workplace Gender Equality Agency.

Top 10:

Fibonacci Fans

Download
Company Close Change(%) Volume Value Signal
BRN Brainchip Holdings 0.08 11.6 9,040,170 0.32 BULLISH
NAN Nanosonics 5.36 8.7 2,348,894 3.43 BULLISH
SLR Silver Lake Resources 0.94 8.7 10,759,307 0.5 BULLISH
RAP Resapp Health 0.2 8.3 2,913,547 0.17 BULLISH
CUV Clinuvel Pharmaceuticals 36.49 7 293,452 23.02 BULLISH
OMH OM Holdings 0.92 5.8 56,591 0.53 BULLISH
SMX Sms Management & Technology 0.39 5.4 102,965 0.39 BULLISH
BWX BWX 2.23 5.2 695,496 1.77 BULLISH
IRI Integrated Research 3.15 5 286,098 1.84 BULLISH
PRU Perseus Mining 0.52 4 9,497,712 0.23 BULLISH