Sky City Entertainment

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Volume Rate of Change

Score

-0.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 97 4.7 0.58% 1.17% 1.2% -1.5% -5.1%
SHORT 97 4.6 0.48% 0.85% 1.3% -1.1% 3.3%

Summary

Technical Analysis

Sky City Entertainment (SKC.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $3.57
Signal Strength: MEDIUM
Recommendation:

Sky City Entertainment (ASX:SKC) currently has positive volume of change of 36%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];


PROFILE: Sky City Entertainment (SKC.AX)


Stock Exchange: ASX
Company: Sky City Entertainment
Ticker Codes: | SKC.AX | ASX:SKC |

About Sky City Entertainment (ASX:SKC):

SKYCITY Entertainment Group Limited, together with its subsidiaries, operates in the gaming/entertainment, hotel and convention, hospitality, recreation, and tourism sectors in New Zealand and Australia. The company operates through SKYCITY Auckland, Rest of New Zealand, Adelaide Casino, SKYCITY Darwin, and International Business segments. It engages in hotels and convention, food and beverage, car parking, sky tower, and other related activities. The company also operates casinos in Auckland, Hamilton, and Queenstown, New Zealand; and Adelaide and Darwin, Australia, as well as various restaurants and bars. SKYCITY Entertainment Group Limited was incorporated in 1994 and is based in Auckland, New Zealand.

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