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

-1.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 16 22.1 0.13% 0.14% 3.5% -3.4% -41.1%
SHORT 16 25.0 0.38% 0.60% 7.7% -1.9% 27.1%

Summary

Technical Analysis

Servcorp (SRV.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.


Servcorp (ASX:SRV) : The current Fibonacci Retraction levels are:
(23.61%) $3.17
(38.2%) $2.72
(50%) $2.68
(61.8%) $2.63

The current support levels are:
(78.6%) $2.56
(100%) $2.48
(138.2%) $2.33
(161.8%) $2.24
(261.8%) $1.85
(423.61%) $1.22



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: Servcorp (SRV.AX)


Stock Exchange: ASX
Company: Servcorp
Ticker Codes: | SRV.AX | ASX:SRV |

About Servcorp (ASX:SRV):

Servcorp Limited provides executive serviced and virtual offices; and IT, communications, and secretarial services. Its serviced offices include furnished CBD office suites with a receptionist, meeting rooms, IT infrastructure, and support services; and virtual offices provide services, facilities, and IT to businesses. The company operates in Australia, New Zealand, Southeast Asia, the United States, Europe, the Middle East, North Asia, and internationally. Servcorp Limited was founded in 1978 and is headquartered in Sydney, Australia.

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