Xenith Ip

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

0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 10 43.6 0.30% 0.38% 24.8% -3.5% 46.3%
SHORT 10 30.1 0.50% 1.00% 9.7% -4.0% 28.4%

Summary

Technical Analysis

Xenith Ip (XIP.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.


Xenith Ip (ASX:XIP) : The current Fibonacci Retraction levels are:
(23.61%) $2.14
(38.2%) $2.02
(50%) $2.01
(61.8%) $1.99

The current support levels are:
(78.6%) $1.97
(100%) $1.95
(138.2%) $1.91
(161.8%) $1.88
(261.8%) $1.77
(423.61%) $1.59



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: Xenith Ip (XIP.AX)


Stock Exchange: ASX
Company: Xenith Ip
Ticker Codes: | XIP.AX | ASX:XIP |

About Xenith Ip (ASX:XIP):

Xenith IP Group Limited provides intellectual property (IP) services and advice relating to the identification, registration, management, commercialization, and enforcement of IP rights in Australia, New Zealand, and internationally. The company primarily offers IP services relating to patents, trademarks, and industrial designs. It serves corporations, research institutes, educational institutions, SMEs, start-up companies, and entrepreneurs; domestic professional services firms; and foreign associates, including offshore IP and law firms. Xenith IP Group Limited was founded in 1859 and is based in Sydney, Australia.

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Fibonacci Retracements

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