Hansen Technologies (HSN.AX)
PRICE RANGE CHANGE
Trading: BUY @ $3.4
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.
Hansen Technologies (ASX:HSN) buyers are in control at the market close. This is the first day of buyer commitment for Hansen Technologies adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 4 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 2 days in the lower range giving a ratio of 2x.
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
PROFILE: Hansen Technologies (HSN.AX)
Stock Exchange: ASX
Company: Hansen Technologies
Ticker Codes: | HSN.AX | ASX:HSN |
Hansen Technologies Ltd develops, integrates, and supports billing systems software solutions for the utilities, energy, pay-tv, and telco sectors. It operates through Billing, IT Outsourcing, and Other. The company's energy and utilities solutions include Banner CIS, a customer care and billing system that enables utilities and municipalities to manage the customer service and revenue lifecycle for the provision of electricity, gas, and water services; Nirvanasoft to manage the entire customer lifecycle in multiple markets and bill models; Peaceplus, a solution for utilities, retailers, and network companies; Utilsoft Market Gateway solution that supports data management processes for energy companies in deregulated markets; and HUB Energy, a solution for distribution networks operating in deregulated competitive markets. It also provides naviBilling, a CRM and convergent billing platform for telecom service providers; HUB Telco, a modular customer care and billing suite for telecommunications providers; and ICC solution for pay-TV operators. In addition, the company offers data center solutions; cloud solutions, such as infrastructure as a service, software as a service, hardware and operating system, network and security, and daily back-up; and IT managed services consisting of technical support, customer support, network, and security services. Further, it provides application services consisting of turnkey, system integration, application management, performance tuning, hosting, and support solutions; and superannuation administration software. The company has operations in Australia, Asia, the Americas, Europe, the Middle East, and Africa. Hansen Technologies Ltd was founded in 1971 and is based in Doncaster, Australia.
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