RATE OF CHANGE
Trading: HOLD @ $11.91
Signal Strength: MEDIUM
Transurban (ASX:TCL) currently has positive rate of change of 4.382%. 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: Transurban (TCL.AX)
Stock Exchange: ASX
Ticker Codes: | TCL.AX | ASX:TCL |
Transurban Group develops, operates, maintains, and finances urban toll road networks. It holds interest in 15 toll roads in Melbourne, Sydney, and Brisbane in Australia; and the Greater Washington Area in the United States. The company is headquartered in Docklands, Australia.
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