Southern Cross Media (SXL.AX)
PRICE RANGE CHANGE
Trading: NO POSITION @ $1.165
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.
Southern Cross Media (ASX:SXL)Neither buyer or seller are in control at the close of the market for Southern Cross Media . There has been 2 consecutive days of prices closing in the middle part of the trading range for SXL showing a lack of direction in the first timeframe & highlights the lack of commitment from both the buyers & sellers. Over the last 12 months there has been 6 trading days with the closing price in the middle part of the range giving a confirmation ratio of 2.3%. Over the last month there has been 6 trading days with the closing price in the middle range giving a confirmation ratio of 37.5%. Currently this quarter, closing price has spent 6 days in the middle price range giving a ratio of 0.1x.
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;
PROFILE: Southern Cross Media (SXL.AX)
Stock Exchange: ASX
Company: Southern Cross Media
Ticker Codes: | SXL.AX | ASX:SXL |
Southern Cross Media Group Limited engages in the creation and broadcasting of content on free to air commercial radio, TV, and online media platforms in Australia. The company owns 140 radio stations across 68 markets; and owns 19 regional free to air television licenses that cover 30 regional sub markets. It provides online advertising and integration through approximately 85 Websites; and develops microsites, mobile apps, online videos, and social media campaigns for clients. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited is based in South Melbourne, Australia.
Close vs RangeDownload
|ZIM Zimbabwe Platinum Mines||8.5||15.6||3,496||0||NEUTRAL|
|SMX Sms Management & Technology||0.61||11.9||462,038||0||NEUTRAL|
|ONE Oneview Healthcare||0.4||8.1||24,577||0||NEUTRAL|
|MLX Metals X||0.23||7.1||6,862,209||0||NEUTRAL|
|EMH European Metals Holdings||0.3||7.1||10,000||0||NEUTRAL|
|AJX Alexium International||0.12||4.3||5,479||0||NEUTRAL|
|PSQ Pacific Smiles||1.18||3.1||9,129||0||NEUTRAL|
|RFG Retail Food||0.17||3.1||971,820||0||NEUTRAL|
|BAL Bellamys Australia||11.08||2.9||1,860,387||0||NEUTRAL|