[BULLISH]: Bellamys Australia buyers are in control at the market close. This is the first day of buyer commitment for Bellamys Australia adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 11.8%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 2 days in the lower range giving a ratio of 1x.
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
PROFILE: Bellamys Australia (BAL.AX)
Stock Exchange: ASX
Company: Bellamys Australia
Ticker Codes: | BAL.AX | ASX:BAL |
Bellamy's Australia Limited produces and markets organic foods and formula products for babies, toddlers, and young children. The company offers formula and toddler milk drinks, cereals and rusks, pastas, snacks, and ready to serve baby foods, as well as powdered milk products. Bellamy's Australia Limited sells its products to retailers and other resellers in Australia; distributors and customers through third party Websites in China and Hong Kong; and other distributors and retailers in South East Asia. The company was formerly known as Tasmanian Pure Foods Limited and changed its name to Bellamy's Australia Limited in June 2014. Bellamy's Australia Limited was founded in 2004 and is based in Launceston, Australia.
Close vs RangeDownload
|GZL Gazal Corporation||4.75||13.1||15,580||0||NEUTRAL|
|TZN Terramin Australia||0.1||9.9||117,532||0||NEUTRAL|
|LNG Liquefied Natural Gas||0.7||9.4||3,202,760||0||NEUTRAL|
|EWC Energy World Corporation||0.19||8.8||503,392||0||NEUTRAL|
|IRI Integrated Research||2.78||7.8||430,094||0||NEUTRAL|
|SAS Sky And Space Global||0.06||7.3||4,707,730||0||NEUTRAL|
|CUV Clinuvel Pharmaceuticals||21.2||7||130,068||0||NEUTRAL|
|BPT Beach Petroleum||2.04||6||25,271,336||0||NEUTRAL|