[BEARISH]: Broosellers are keener than buyers and are driving the price down. This is the first day of price decline for BEE adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -16.1 & the greatest daily negative change this year has been -16.1. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -31.7%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -16.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.3x. Over the last month the average daily downward movement has been -8.500000%
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: 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.
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