Abacus Property (ABP)

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Abacus Property (ABP): Signals

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Summary

[BEARISH]: Abacus Property sellers are keener than buyers and are driving the price down. This is the first day of price decline for ABP adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.4 & the greatest daily negative change this year has been -4.2. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -7.1%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -2.7%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily downward movement has been -0.900000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener

Top 10:

Close Today Versus Close Yesterday

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Company Close Close Change (%) Volume Value Signal
BOQ Bank Of Queensland 10.82 -0.1 848,254 -1 BEARISH
LNK Link 7.7 -0.1 1,228,067 -1 BEARISH
PAC Pacsoft 6.79 -0.1 39,287 -1 BEARISH
ORG Origin Energy 9.43 -0.2 2,014,675 -1 BEARISH
NVL National Veterinary Care 2.19 -0.2 12,995 -1 BEARISH
LEP Ale Property 5.45 -0.2 19,215 -1 BEARISH
QBE QBE Insurance 9.87 -0.2 1,805,658 -1 BEARISH
RIO Rio Tinto 79.88 -0.2 744,071 -1 BEARISH
SRV Servcorp 4.42 -0.2 26,240 -1 BEARISH
SRX Sirtex Medical 32.04 -0.2 1,075,681 -1 BEARISH
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