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: Treasury Wine Estates (TWE.AX)
Stock Exchange: ASXAbout Treasury Wine Estates (ASX:TWE):
Company: Treasury Wine Estates
Ticker Codes: | TWE.AX | ASX:TWE |
Treasury Wine Estates Limited operates as a wine company in Australia, New Zealand, Asia, Europe, and the Americas. It engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. The company offers commercial, masstige, and luxury wines under the Penfolds, Beringer, Lindeman's, Wolf Blass, 19 Crimes, Chateau St Jean, Beaulieu Vineyard, and Sterling Vineyards brands; distributes beer and cider under license in New Zealand; and provides contract bottling services to third parties. It owns and leases 9,356 planted hectares of vineyards in Australia and New Zealand; owns and operates 3,758 planted hectares of vineyards in key viticultural regions in California; and has 152 planted hectares of vineyards in Europe. The company markets its products to distributors, retail chains, independent retailers, and premise outlets, as well as directly to consumers. Treasury Wine Estates Limited was founded in 1843 and is headquartered in Southbank, Australia.