Fletcher Building (FBU.AX)
Trading: SELL @ $5.33
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.
Fletcher Building (ASX:FBU) sellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for FBU adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.2 & the greatest daily negative change this year has been -7.1. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -8.9%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -7.8%. The loss 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 downward movement has been -1.900000%
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: Fletcher Building (FBU.AX)
Stock Exchange: ASX
Company: Fletcher Building
Ticker Codes: | FBU.AX | ASX:FBU |
Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building and construction products in New Zealand, Australia, and internationally. Its Building Products segment manufactures, distributes, and markets building products, such as concrete pipes and products, cement and aggregates, plastic pipes, and building materials for commercial and residential markets. The company's International segment provides laminate and surface products for commercial and residential spaces; decorative wood panels and laminates, particle boards, medium density fiber boards, and other decorative products; and pressed metal roof tiles. Its Distribution segment distributes building, plumbing, pipeline, and steel products. The company's Residential and Land Development segment develops land holdings for residential and commercial use, as well as operates as a residential home builder. Its Construction segment builds and maintains commercial buildings and infrastructure projects. Fletcher Building Limited was founded in 1909 and is headquartered in Auckland, New Zealand.
|ARG Argo Investments||7.68||-0.1||162,731||-1||BEARISH|
|AUI Australian United Investment||8.4||-0.1||28,250||-1||BEARISH|
|RHC Ramsay Health Care||55.44||-0.1||508,677||-1||BEARISH|
|ZEL Zeolite Australia||5.45||-0.2||974||-1||BEARISH|
|BVS Bravura Solutions||4.44||-0.2||1,219,214||-1||BEARISH|
|CIN Carlton Investments||31||-0.3||9,296||-1||BEARISH|