Spark Infrastructure (SKI.AX)
Trading: HOLD @ $2.21
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.
Spark Infrastructure (ASX:SKI) buyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for SKI adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 1.4 & the greatest daily positive change this year has been 3.5. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 7.3%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 2.8%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.6x. 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: Spark Infrastructure (SKI.AX)
Stock Exchange: ASX
Company: Spark Infrastructure
Ticker Codes: | SKI.AX | ASX:SKI |
Spark Infrastructure Group is a publicly owned investment manager. The firm invests in the regulated utility infrastructure markets across the globe. Spark Infrastructure Group is based in Sydney, Australia.
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