RATE OF CHANGE
Trading: SELL @ $0.07
Signal Strength: MEDIUM
Broo (ASX:BEE) currently has negative rate of change of -17.647%. 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: Broo (BEE.AX)
Stock Exchange: ASX
Ticker Codes: | BEE.AX | ASX:BEE |
Broo Limited produces and distributes beer in Australia and China. It operates through Hospitality, Australian brewing, and Chinese brewing segments. The company offers beers under the Broo Premium Lager and Australia Draught names. It serves hotels, liquor stores, restaurants, and other licensed premises through wholesalers. The company also manages pubs and boutique brewery venues. Broo Limited is headquartered in Mildura, Australia.
Rate of ChangeDownload
|ADA Adacel Technologies||0.89||10.6||246,616||-41.39||BEARISH|
|RAP Resapp Health||0.11||10||6,450,027||-50||BEARISH|
|YAL Yancoal Australia||3.06||8.1||42,618||-22.92||BEARISH|
|OSP Osprey Medical||0.15||3.4||222,142||-23.08||BEARISH|
|CTD Corporate Travel Management||22.9||3||964,471||-18.82||BEARISH|