[BULLISH]: A short term Close Reversal has formed with Transurban which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.
The close reversal maintains the trend direction where the trend strength has deteriorated. This is evident by the loss of commitment highlighted by the lower closing price.
Calculation: Close Reversal:
1) Uptrend: Open (near high) & Close (near low) & [High] > [High Yesterday] & [Low] > [Low Yesterday] & [Close] < [Close Yesterday];
2) Downtrend: Open (near low) & Close (near high) & [High] < [High Yesterday] & [Low] < [Low Yesterday] & [Close] > [Close Yesterday]
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.
|EMH European Metals Holdings||0.4||12.9||50,755||0||NEUTRAL|
|SLR Silver Lake Resources||0.57||9.6||4,014,673||0||NEUTRAL|
|KDR Kidman Resources||1.17||8.3||6,199,530||0||NEUTRAL|
|RMS Ramelius Resources||0.5||7.5||3,500,339||0||NEUTRAL|
|PME Pro Medicus||11.68||6.7||140,709||0||NEUTRAL|
|BOC Bougainville Copper||0.17||6.3||61,005||0||NEUTRAL|
|CNI Centuria Capital||1.39||6.1||207,220||0||NEUTRAL|