Charter Hall Long Wale (CLW.AX)
Trading: BUY @ $4.14
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.
Charter Hall Long Wale (ASX:CLW) buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for CLW adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.5 & the greatest daily positive change this year has been 1014.3. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 1014.3%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 875.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 0.900000%
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: Charter Hall Long Wale (CLW.AX)
Stock Exchange: ASX
Company: Charter Hall Long Wale
Ticker Codes: | CLW.AX | ASX:CLW |
Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (?REIT?) listed on the ASX (ASX: CLW) and invests in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases. Charter Hall Long WALE REIT is managed by Charter Hall Group (ASX:CHC) one of Australia's leading fully integrated property groups, with over 25 years' experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $21.4 billion of funds under management across the office, retail and industrial sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth. The Group's success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.
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