[BULLISH]: The Star Entertainment buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for The Star Entertainment 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 114 trading days with the closing price in the upper part of the range giving a confirmation ratio of 43.3%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 27.3%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 4 days in the lower range giving a ratio of 0.8x.
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;
Close Today Versus Range TodayDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|DNA Donaco International||0.18||12.9||283,886||1||BULLISH|
|FBR Fastbrick Robotics||0.2||8.3||2,554,848||1||BULLISH|
|BLA Blue Sky||1.5||5.7||641,702||1||BULLISH|
|GEM G8 Education||2.51||5.5||4,797,358||1||BULLISH|
|COE Cooper Energy||0.43||4.9||5,449,546||1||BULLISH|
|ATL ASX 20||1.55||4.7||140,673||1||BULLISH|
|HSN Hansen Technologies||3.25||4.5||590,563||1||BULLISH|