Zeolite Australia

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

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 20.4 0.36% 0.50% 0.6% -3.0% -22.0%
SHORT 12 41.5 0.50% 1.00% 2.7% -4.6% -11.8%

Summary

Technical Analysis

Zeolite Australia (ZEL.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.


Zeolite Australia (ASX:ZEL) : The current Fibonacci Fan levels are:
(23.61%) $7.18
: (38.2%) $7.26
: (50%) $7.33
: (61.8%) $7.39

The current support levels are:
(78.6%) $7.48
(100%) $7.6
(138.2%) $7.81
(161.8%) $7.95
(261.8%) $8.51
(423.61%) $9.41



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: Zeolite Australia (ZEL.AX)


Stock Exchange: ASX
Company: Zeolite Australia
Ticker Codes: | ZEL.AX | ASX:ZEL |

About Zeolite Australia (ASX:ZEL):

Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 157 truck stops; 7 electric vehicle charging stations; and pipelines, terminals, and fuel storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.

Top 10:

Fibonacci Fans

Download
Company Close Change(%) Volume Value Signal
BRN Brainchip Holdings 0.04 10 1,340,076 -0.03 BEARISH
TLG Talga Gold 0.6 9.1 1,412,386 -14.02 BEARISH
ATL ASX 20 0.6 8.2 345,604 -0.71 BEARISH
IFN IFN 0.47 8.1 2,296,778 -0.09 BEARISH
MVP Medical Developments 5.45 7.9 76,687 -4.83 BEARISH
GSW Getswift 0.17 6.3 243,238 -0.22 BEARISH
ABC Adelaide Brighton 4.38 6.3 4,706,429 -5.78 BEARISH
MAH Macmahon 0.21 5.1 1,175,605 -0.23 BEARISH
MXI Maxitra Industries 0.32 5 22,187 -0.05 BEARISH
OSP Osprey Medical 0.12 4.3 46,313 -0.07 BEARISH