VOLUME RATE OF CHANGE
Trading: HOLD @ $1.595
Signal Strength: MEDIUM
Emerchants (ASX:EML) currently has positive volume of change of 35%. 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: Emerchants (EML.AX)
Stock Exchange: ASX
Ticker Codes: | EML.AX | ASX:EML |
EML Payments Limited, together with its subsidiaries, provides prepaid financial cards in Australia, Europe, the United States, and Canada. It issues mobile, virtual and physical card solutions for payouts, gifts, incentives and rewards, and supplier payments. The company was formerly known as Emerchants Limited and changed its name to EML Payments Limited in November 2016. EML Payments Limited was founded in 2001 and is headquartered in Newstead, Australia.
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