Trading: HOLD @ $0.185
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.
CSG (ASX:CSV) buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for CSV adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 5.3 & the greatest daily positive change this year has been 13.6. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 18.7%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 5.7%. 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 2.900000%
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: CSG (CSV.AX)
Stock Exchange: ASX
Ticker Codes: | CSV.AX | ASX:CSV |
CSG Limited, together with its subsidiaries, provides print and business technology solutions in Australia and New Zealand. It operates through Business Solutions, Finance Solutions, and Other segments. The company supplies office printers and photocopiers, large format displays, monitors, and mobile devices. It also provides managed service based print and technology solutions, as well as leases and rents products for business technology assets. In addition, the company offers print solutions, including service and maintenance, and managed print, as well as track, control, and management solutions; and cloud solutions, such as cloud telephony, video conferencing, Boardroom as a Service, CSG total office, and mobile security solutions, as well as infrastructure, server, and storage solutions. Further, it provides managed IT solutions comprising managed devices, security, telephony and contact center, networks and infrastructure, and print services; strategic ICT planning and project services; and maintenance, user support, and service desk services. Additionally, the company offers display solutions that include interactive whiteboards, smart signage's, virtualization and cloud displays, monitors, and display solution support services; and smart phones and tablets. It serves corporate, commercial, education, and government customers, as well as small-to-medium enterprises. The company was founded in 1988 and is based in Melbourne, Australia.
|EDE Eden Energy||0.12||21.2||35,552,313||1||BULLISH|
|RVA Reva Medical||0.24||14.3||12,478||1||BULLISH|
|BRN Brainchip Holdings||0.14||8||639,702||1||BULLISH|
|EVO Evolve Education||0.5||6.4||125,000||1||BULLISH|
|RBL Rib Loc||1.75||6.1||417,726||1||BULLISH|
|CUV Clinuvel Pharmaceuticals||19.46||5.8||43,196||1||BULLISH|
|GGG Greenland Minerals||0.08||5.1||682,839||1||BULLISH|
|AKP Audio Pixels Holdings||11.98||5||3,921||1||BULLISH|
|BDR Beadell Resources||0.06||5||4,942,937||1||BULLISH|