Vicinity Centres (VCX.AX)
Trading: HOLD @ $2.71
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Vicinity Centres (ASX:VCX) is currently bullish highlighting the potential for a short term trend continuation in the upward direction.
The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
PROFILE: Vicinity Centres (VCX.AX)
Stock Exchange: ASX
Company: Vicinity Centres
Ticker Codes: | VCX.AX | ASX:VCX |
Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform, and $26 billion in retail assets under management across 83 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 75 shopping centres (including the DFO Brisbane business) and manages 37 assets on behalf of Strategic Partners, 29 of which are co-owned by the Group. Vicinity is listed on the Australian Securities Exchange (ASX) under the code ?VCX' and has over 24,000 securityholders. Vicinity also has European medium term notes listed on the ASX under the code ?VCD'. For more information visit the Group's website vicinity.com.au, or use your smartphone to scan this QR code.
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