Ruralco Holdings (RHL.AX)
PRICE RANGE CHANGE
Trading: SELL @ $4.39
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.
Ruralco Holdings (ASX:RHL)sellers in control. There has been 5 consecutive days of prices closing in the lower part of the trading range for Ruralco Holdings adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 5 trading days with the closing price in the lower 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 lower range giving a confirmation ratio of 31.3%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 2 days in the upper range giving a ratio of 2.5x.
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: Ruralco Holdings (RHL.AX)
Stock Exchange: ASX
Company: Ruralco Holdings
Ticker Codes: | RHL.AX | ASX:RHL |
Ruralco Holdings Limited sells and markets merchandise, fertilizers, water products, and financial services products to rural and related customers in Australia. It operates through Rural Services, Water Services, Live Export, Financial Services, and Corporate & Other segments. The company offers wool broking services; livestock marketing services for sheep, dairy, and beef cattle; feedlot services; and a range of animal health and crop protection products, and water management systems and equipment. It also provides agri and commercial business finance comprising asset finance, term loans, home loans, and seasonal finance products and services to rural and regional clients; and finance broking and agricultural advisory services. In addition, the company offers various insurance products, including business, crop, fire, farm, stud stock, hobby farm, home and contents, landlords, motor vehicle, travel, life, total and permanent disablement, income protection, trauma, superannuation, and business expenses. Further, it provides grain marketing services; water broking and other water related services; and commercial and residential property sales, and property management services. Ruralco Holdings Limited is based in Macquarie Park, Australia.
Close vs RangeDownload
|CCV Cash Converters International||0.17||3||530,389||-1||BEARISH|
|NHC New Hope||3.25||1.6||4,636,103||-1||BEARISH|
|KDR Kidman Resources||1.25||1.2||420,400||-1||BEARISH|
|BAF Blue Sky Alternatives||0.86||0.6||317,224||-1||BEARISH|
|AAC Australian Agricultural||0.96||0.5||247,075||-1||BEARISH|
|CGF Challenger Financial Services||7.48||0.4||2,290,418||-1||BEARISH|