PRICE RANGE CHANGE
Trading: HOLD @ $5.19
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.
Navitas (ASX:NVT)buyers are in control at the market close. There has been 3 consecutive days of prices closing in the upper part of the trading range for Navitas 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 5 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.9%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 35.7%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 1 days in the lower range giving a ratio of 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: 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.
Close vs RangeDownload
|MTO Moto Goldmines||2.6||8.3||43,680||1||BULLISH|
|SMX Sms Management & Technology||0.26||8.3||240,688||1||BULLISH|
|MXI Maxitra Industries||0.54||5.9||29,549||1||BULLISH|
|BAF Blue Sky Alternatives||0.9||5.9||979,344||1||BULLISH|
|SMN Structural Monitoring Systems||1.1||5.8||33,656||1||BULLISH|
|VOC Vocus Communications||3.4||5.6||6,543,793||1||BULLISH|
|MGX Mount Gibson Iron||0.48||5.6||1,145,128||1||BULLISH|
|MLX Metals X||0.49||5.4||1,505,780||1||BULLISH|
|GNG GR Engineering Services||1.31||4.8||25,920||1||BULLISH|