|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Event Hospitality And Entertainment (EVT.AX)
Trading: SELL @ $13.46
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.
Event Hospitality And Entertainment (ASX:EVT) sellers are keener than buyers and are driving the price down. This is the first day of price decline for EVT adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.5 & the greatest daily negative change this year has been -5.8. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -6%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -4.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 2.5x. Over the last month the average daily downward movement has been -0.500000%
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: Event Hospitality And Entertainment (EVT.AX)
Stock Exchange: ASX
Company: Event Hospitality And Entertainment
Ticker Codes: | EVT.AX | ASX:EVT |
Event Hospitality & Entertainment Limited operates as an entertainment, hospitality, and leisure company in Australia, New Zealand, Fiji, and Germany. The company operates through Entertainment Australia, Entertainment New Zealand, Entertainment Germany, Hotels and Resorts, Thredbo Alpine Resort, and Property and Other Investments segments. It is involved in cinema exhibition operations under the Event Cinemas, Moonlight Cinemas, CineStar Cinemas, and Greater Union & Birch Carroll & Coyle Cinemas brands; and the operation of Cine Buzz Rewards, a movie loyalty program, as well as State Theatre, a 2,000-seat theatre located in Sydney. The company also supplies cinema technology solutions to the industry in digital and electronic cinema, and film projection portfolios; owns, operates, and manages hotels and resorts under the Eventhouse, Rydges, Atura, Thredbo Alpine, and QT brands; and operates Priority Guest Rewards, a hotel and resort rewards program. In addition, it develops and invests in properties; and invests in shares of listed and unlisted companies. The company was formerly known as Amalgamated Holdings Limited and changed its name to Event Hospitality & Entertainment Limited in December 2015. Event Hospitality & Entertainment Limited was founded in 1910 and is headquartered in Sydney, Australia.
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