[BEARISH]: Lindsay Australia currently has negative rate of change of -2.5%. This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 4%.
Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.
Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100
PROFILE: Lindsay Australia (LAU.AX)
Stock Exchange: ASX
Company: Lindsay Australia
Ticker Codes: | LAU.AX | ASX:LAU |
Lindsay Australia Limited provides transport, logistics, and rural supply services to the food processing, food services, fresh produce, rural, and horticultural sectors in Australia. It operates through Transport and Rural segments. The Transport segment is involved in the cartage of general and refrigerated products, and ancillary sales. The Rural segment sells and distributes a range of agricultural supply products. Lindsay Australia Limited is headquartered in Acacia Ridge, Australia.
Rate of ChangeDownload
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