Ale Property (LEP)

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Ale Property (LEP): Signals

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TECHNICAL ANALYSIS SUMMARY

Ale Property (LEP.AX)


Indicator:

ON BALANCE VOLUME


Last Signal:

BEARISH


Trading: SELL @ $4.85
Signal Strength: MEDIUM
Recommendation:

Ale Property (ASX:LEP) current price has highlighted recent distribution. Currently, the OBV is -15907.5.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)


PROFILE: Ale Property (LEP.AX)


Stock Exchange: ASX
Company: Ale Property
Ticker Codes: | LEP.AX | ASX:LEP |

About Ale Property (ASX:LEP):

ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. Established in November 2003, ALE owns a portfolio of around 86 pub properties across the five mainland states of Australia. All of the properties are leased to Australian Leisure and Hospitality Group Limited (ALH) for an average initial term of around a further 13 years.

Top 10:

On Balance Volume

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Company Close Change (%) Volume Value Signal
HFR Highfield Resources 0.71 7.6 283,351 -6,043.5 BEARISH
SNZ Summerset Holdings 5.61 5.3 2,413 -9,283.5 BEARISH
MNF My Net Fone 4.58 4.1 80,005 -3,559.9 BEARISH
ADH Adairs 1.82 4 249,865 -29,214.7 BEARISH
GOR Gold Road Resources 0.93 3.4 1,393,557 -11,711.5 BEARISH
ASL Ausdrill 1.71 3 2,629,945 -187,331.3 BEARISH
FID Fiducian 4.71 2.8 4,048 -3,712.9 BEARISH
SLK Sealink Travel 4 2.6 10,315 -19,068.9 BEARISH
MAH Macmahon 0.21 2.5 4,361,956 -906,577.9 BEARISH
SDA Speedcast International 3.91 2.4 450,781 -238,172.9 BEARISH
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