Objective Corporation (OCL.AX)
PRICE RANGE CHANGE
Trading: BUY @ $2.75
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.
Objective Corporation (ASX:OCL) buyers are in control at the market close. This is the first day of buyer commitment for Objective Corporation 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 1 trading day with the closing price in the upper part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the upper range giving a confirmation ratio of 6.3%. Currently this quarter, closing price has spent 1 day in the upper price range compared to 1 days in the lower range giving a ratio of 1x.
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: Objective Corporation (OCL.AX)
Stock Exchange: ASX
Company: Objective Corporation
Ticker Codes: | OCL.AX | ASX:OCL |
Objective Corporation Limited, together with its subsidiaries, provides information technology software and services in Australia, the United Kingdom, New Zealand, and internationally. Its products include objective enterprise content management that manages content, builds business processes, and empowers users to achieve desired outcomes; objective inform, which provides document management, records management, office 365, SharePoint governance, deployment options, reporting insights, and drawings management solutions; and objective perform, a streamline content-driven process that offers workflow designing, case management, anywhere access, transparency, accountability, and governance solutions. The company also offers objective connect, which creates secure and private workspace; objective keystone, including content management, collaborative authoring, review and verification, one click publishing, multichannel distribution, and stakeholder engagement solutions; and objective trapeze to transform the development application process. In addition, it provides professional, management, education, and technical support services, as well as engages in the capture, collaboration, and manipulation of large documents, complex drawings, maps, and plans. The company serves public sector, local government, healthcare, financial services, insurance, energy, and infrastructure industries. Objective Corporation Limited was founded in 1987 and is headquartered in North Sydney, Australia.
Close vs RangeDownload
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