Super Cheap Auto (SUL.AX)
RATE OF CHANGE
Trading: HOLD @ $7.35
Signal Strength: MEDIUM
Super Cheap Auto (ASX:SUL) currently has positive rate of change of 2.797%. This means the current price 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
Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.
Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100
PROFILE: Super Cheap Auto (SUL.AX)
Stock Exchange: ASX
Company: Super Cheap Auto
Ticker Codes: | SUL.AX | ASX:SUL |
Super Retail Group Limited operates as a retailer of auto, leisure, and sports products in Australia, New Zealand, and China. The company offers automotive parts and accessories, handyman items, and tools and equipment to marine and motorbike products, including batteries, car care products, exterior and interior accessories, hand and power tools, in-car navigation systems and stereo equipment, lighting and electrical products, outdoor equipment and accessories, seat covers, spare parts, paints and panels, and performance products, as well as oils, filters, and additives. It also provides footwear, apparel, games and leisure products, gym equipment, and fan merchandise; and boating, camping, and fishing products, such as lures, various rods and reels, tackle boxes, fishing nets, tents, ropes, pegs, cooking equipment, and clothing and hiking gears, as well as boating accessories. In addition, the company offers cycling bikes and accessories; outdoor entertainment and camping leisure products comprising camping gears, tents, outdoor furniture, BBQs, kayaks, and footwear and work wear; and sports equipment and associated accessories. Further, it provides fitness equipment consisting of treadmills, home gyms, exercise bikes, fitness accessories, elliptical cross trainers, free weights, boxing equipment, nutritional supplements, and rowers, as well as home fitness studios for use in home, corporate, and commercial markets. The company sells its products under the Amart Sports, Avanti Fitness, Rebel Sport, BCF, Goldcross Cycles, Ray's Outdoors, Supercheap Auto, and Workout World brands. It operates 632 stores. The company was formerly known as Super Cheap Auto Group Limited and changed its name to Super Retail Group Limited in 2010. Super Retail Group Limited was founded in 1972 and is based in Lawnton, Australia.
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