RATE OF CHANGE
Trading: SELL @ $5.84
Signal Strength: MEDIUM
Burson (ASX:BAP) currently has negative rate of change of -7.302%. This means the current price is less than the price 14 days ago and therefore losing momentum.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
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: Burson (BAP.AX)
Stock Exchange: ASX
Ticker Codes: | BAP.AX | ASX:BAP |
Bapcor Limited supplies automotive aftermarket parts, accessories, equipment, and services in Australasia. It operates through Trade, Retail & Service, Specialist Wholesale, and Hellaby Automotive segments. The Trade segment offers automotive aftermarket parts and consumables to trade workshops; automotive workshop equipment, such as vehicle hoists and scanning equipment; and automotive accessories and maintenance products to do-it-yourself vehicle owners. As of June 30, 2017, this segment operated 160 stores. The Retail & Service segment operates 385 company owned and franchise stores under the Autobarn, Autopro, Sprint Auto Parts, and Car Parts retail store brands, as well as the Midas and ABS workshop service brands. The Specialist Wholesale segment engages in the automotive aftermarket wholesale; and automotive electrical parts, under car parts, and aftermarket diesel fuel injection and turbocharger distributorship. The Hellaby Automotive segment engages in the wholesale and distribution of auto electrical parts. The company was formerly known as Burson Group Limited and changed its name to Bapcor Limited in July 2016. Bapcor Limited was founded in 1971 and is based in Preston, Australia.
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