|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
National Australia Bank (NAB.AX)
PRICE RANGE CHANGE
Trading: BUY @ $25.81
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.
National Australia Bank (ASX:NAB) buyers are in control at the market close. This is the first day of buyer commitment for National Australia Bank 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 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 21.4%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 2 days in the lower range giving a ratio of 1.5x.
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: National Australia Bank (NAB.AX)
Stock Exchange: ASX
Company: National Australia Bank
Ticker Codes: | NAB.AX | ASX:NAB |
National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Asia, the United States, and the United Kingdom. It operates through Consumer Banking and Wealth, Business and Private Banking, Corporate and Institutional Banking, and NZ Banking segments. The company accepts transaction accounts, savings accounts, term deposits, and deposit accounts; and specialized accounts, such as foreign currency, business interest, statutory trust, community free saver, and farm management accounts. It also provides home loans; personal loans; agribusiness loans; business market and option loans; equipment and vehicle loans; short term loans for micro enterprises; and debtor, invoice, and trade finance, as well as business overdrafts. In addition, the company offers insurance products consisting of car, home and content, landlord, travel, credit card, personal loan, home loan, caravan and trailer, and life insurance; and superannuation, self-managed super funds, and financial planning and advisory services; and travel services, as well as investment products. Further, it provides credit, debit, and business cards; payments and merchant services; online banking services; small business services; and international and foreign exchange solutions. As of September 30, 2017, the company operated through a network of 796 branches and business banking centers, and 2,934 ATMs. National Australia Bank Limited was founded in 1834 and is based in Docklands, Australia.
|NHF NIB||6.82||15.8||4,054,736||1||BULLISH CROSSOVER|
|MOC Mortgage Choice||0.91||14.5||663,230||1||BULLISH CROSSOVER|
|MPL Medibank Private||3.21||11.5||23,800,298||1||BULLISH CROSSOVER|
|MNY Money3||2.21||9.4||151,763||1||BULLISH CROSSOVER|
|EML Emerchants||2.25||9.2||1,361,616||1||BULLISH CROSSOVER|
|WBC Westpac Banking Corporation||27.75||9.2||24,404,464||1||BULLISH CROSSOVER|
|AFA ASF||0.12||9.1||11,208||1||BULLISH CROSSOVER|
|OVH Onevue Holdings||0.49||8.9||426,122||1||BULLISH CROSSOVER|
|ANZ Australia & Banking||27.86||7.8||14,554,708||1||BULLISH CROSSOVER|
|AYS Amaysim Australia||0.76||7||283,622||1||BULLISH CROSSOVER|