Ale Property (LEP)

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Ale Property (LEP): Signals

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TECHNICAL ANALYSIS SUMMARY

Ale Property (LEP.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

NEUTRAL


Trading: NO POSITION @ $4.73
Signal Strength: WEAK
Recommendation:

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.


Ale Property (ASX:LEP)Neither buyer or seller are in control at the close of the market for Ale Property . This is the first day of closing price in the middle range for LEP showing a lack of direction in the first timeframe & highlights the lack of commitment from both the buyers & sellers. Over the last 12 months there has been 2 trading days with the closing price in the middle part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the middle range giving a confirmation ratio of 15.4%. Currently this quarter, closing price has spent 2 days in the middle price range giving a ratio of 0.2x.



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: 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.

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