[BEARISH]: Adairs currently has negative rate of change of -8.949%. This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.4%.
Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.
Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100
PROFILE: Adairs (ADH.AX)
Stock Exchange: ASX
Ticker Codes: | ADH.AX | ASX:ADH |
Adairs Limited operates as a specialty retailer of homewares and home furnishings in Australia and New Zealand. The company's product range includes categories, such as bedlinen, bedding, towels, homewares, soft furnishings, and children's furnishings, as well as occasional and bedroom furniture. It has approximately 130 stores across Australia in 5 physical store formats comprising Adairs, Adairs Homemaker, Adairs Kids, UHR, and Adairs Outlets; and 4 stores in New Zealand, as well as an online store. The company was formerly known as Home & Decor Holdings Pty Ltd and changed its name to Adairs Limited in May 2015. Adairs Limited was founded in 1918 and is based in Scoresby, Australia.
Rate of ChangeDownload
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