|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Carindale Property Trust (CDP.AX)
RATE OF CHANGE
Trading: BUY @ $6.95
Signal Strength: MEDIUM
Carindale Property Trust (ASX:CDP) currently has positive rate of change of 1.46%. This means the current price is greater than the price 14 days ago and therefore gaining 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: Carindale Property Trust (CDP.AX)
Stock Exchange: ASX
Company: Carindale Property Trust
Ticker Codes: | CDP.AX | ASX:CDP |
Carindale Property Trust (ASX Code: CDP) was listed on the Australian Stock Exchange in 1996.The Trust's sole investment is a 50% interest in Westfield Carindale, one of Brisbane's largest regional shopping centre at approximately 115,000 square metres.Westfield Carindale currently generates annual sales of $700.6 million through its two department stores, two discount department stores, three supermarkets and over 290 specialty retailers. The Trust is managed by Scentre Management Limited, a member of the Scentre Group. As such, Scentre Management Limited has adopted and is bound by the Group's Corporate Governance Charters and Policies.
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