Air New Zealand (AIZ.AX)
Trading: HOLD @ $2.84
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Air New Zealand (ASX:AIZ) buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for AIZ adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.1 & the greatest daily positive change this year has been 4.8. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 11%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 10.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 2.5x. Over the last month the average daily upward 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
PROFILE: Air New Zealand (AIZ.AX)
Stock Exchange: ASX
Company: Air New Zealand
Ticker Codes: | AIZ.AX | ASX:AIZ |
Air New Zealand Limited provides passenger and cargo transportation services on scheduled airlines primarily in New Zealand, Australia, the Pacific Islands, the United Kingdom, Europe, Asia, and the United States. The company also offers ground handling services; engineering and maintenance services, including aircraft and component maintenance, repair, and overhaul services; and aircraft leasing and financing services, as well as acts as captive insurer. As of August 31, 2017, it had a fleet of 103 aircrafts. The company was formerly known as Tasman Empire Airways Limited and changed its name to Air New Zealand Limited in April 1965. Air New Zealand Limited was founded in 1940 and is based in Auckland, New Zealand.
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