|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Retail Food (RFG.AX)
RELATIVE STRENGTH INDEX
Trading: BUY @ $0.03
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.
Retail Food (ASX:RFG) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder which compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.
Calculation: Relative Strength Index (RSI):
1) RSI = 100 - 100 / (1 + RS);
2) RS = Average Gain / Average Loss;
PROFILE: Retail Food (RFG.AX)
Stock Exchange: ASX
Company: Retail Food
Ticker Codes: | RFG.AX | ASX:RFG |
Retail Food Group Limited, together with its subsidiaries, owns, develops, and manages multi-brand retail food franchise in Australia. The company engages in the ownership of intellectual property; development and management of coffee roasting facilities; and the wholesale supply of coffee and allied products. It is also involved in the development and management of the procurement, warehousing, manufacturing, and distribution business of various brands. The company operates a network of approximately 2,500 outlets across 12 brand systems spanning 83 territories. Retail Food Group Limited was founded in 1989 and is based in Southport, Australia.
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