The Citadel (CGL.AX)
Trading: HOLD @ $8.8
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
The Citadel (ASX:CGL) buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for CGL adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 7.2 & the greatest daily positive change this year has been 7.2. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 11.1%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 11.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 3.100000%
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: 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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