Trading: HOLD @ $5.64
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Navitas (ASX:NVT) is currently bullish highlighting the potential for a short term trend continuation in the upward direction.
The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
PROFILE: Navitas (NVT.AX)
Stock Exchange: ASX
Ticker Codes: | NVT.AX | ASX:NVT |
Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships and Careers & Industry segments. The University Partnerships segment offers pre-university and university pathway programs that focus on providing pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic record. The Careers & Industry segment delivers education programs in the area of creative media, including audio, film, and multimedia courses; and English language tuition and jobs skills training services, as well as higher and vocational education services in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.
|LYC Lynas Corporation||1.84||11.9||10,942,144||11.54||BULLISH|
|BGA Bega Cheese||5.09||7.4||1,107,047||37.43||BULLISH|
|NEC Nine Entertainment||1.49||7.2||17,312,234||8.06||BULLISH|
|ONE Oneview Healthcare||0.48||5.6||567||24.44||BULLISH|
|MOY Millennium Minerals||0.21||5.1||741,093||11.9||BULLISH|
|PNR Pacific Niugini Minerals||0.24||4.3||220,033||9||BULLISH|
|BFC Beston Global Food||0.13||4.2||302,806||50||BULLISH|