The Citadel (CGL.AX)
VOLUME RATE OF CHANGE
Trading: HOLD @ $8.96
Signal Strength: MEDIUM
The Citadel (ASX:CGL) currently has positive volume of change of 121%. This means the current volume 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
Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.
Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];
PROFILE: The Citadel (CGL.AX)
Stock Exchange: ASX
Company: The Citadel
Ticker Codes: | CGL.AX | ASX:CGL |
The Citadel Group Limited develops and delivers integration and managed service solutions to state and federal government departments, and the private sector in Australia. It specializes in managing knowledge in complex environments through integrating know-how, systems and people to provide information on an anywhere-anytime basis. The company primarily offers long term managed services, software-as-a-service, and strategic advisory services. The Citadel Group Limited is based in Symonston, Australia.
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