SG Fleet (SGF.AX)
Trading: BUY @ $3.74
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.
SG Fleet (ASX:SGF) buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for SGF adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.4 & the greatest daily positive change this year has been 10.6. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 14.4%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 5.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.4x. Over the last month the average daily upward movement has been 0.900000%
The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: SG Fleet (SGF.AX)
Stock Exchange: ASX
Company: SG Fleet
Ticker Codes: | SGF.AX | ASX:SGF |
SG Fleet Group Limited, together with its subsidiaries, provides fleet management and leasing services in Australia, New Zealand, and the United Kingdom. It offers fleet management services, which include funding options comprising operating lease/contract hire, finance lease, and client sourced funding services; maintenance plans, including tire replacement; registration renewals; fuel cards and reporting, breakdown and accident assistance, comprehensive insurance, vehicle acquisition and disposal, and other products and services. The company's products include driversafety intelligence, which supports employers to develop driver safety practices and manage risks associated with employees using vehicles in connection with work; Bookingintelligence, a resource management application that enables to manage a pool of resources online; and app to keep track of novated leases. Further, the company provides Fleetintelligence 2.0, a reporting and management system that enables access to information on vehicle activity; and vehicle accessories, such as window tinting, in-car communications, vehicle safety kits and security systems, and satellite navigation systems. Additionally, it offers Logbook and the Logbook App for record keeping requirements of vehicles used for business purposes; FBT intelligence, a computer based system to enhance collecting and analyzing information for fringe benefits taxes; and roadside assistance, toll management, traffic infringement, and salary packaging services. The company was founded in 1986 and is based in Pymble, Australia. SG Fleet Group Limited is a subsidiary of Bluefin Investments Limited.
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