Viva Energy Reit

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Range Change

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 42 10.3 0.60% 0.96% 1.7% -1.0% 18.5%
SHORT 42 8.8 0.43% 0.67% 1.8% -1.3% -2.8%

Summary

Technical Analysis

Viva Energy Reit (VVR.AX)


Indicator:

RANGE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $2.65
Signal Strength: WEAK
Recommendation:

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.


Viva Energy Reit (ASX:VVR) buyers are becoming less eager. This is the first day buyers have decreased eagerness for VVR reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1400 & the greatest daily price range this year has been $0.5400. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.3x.



The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;


PROFILE: Viva Energy Reit (VVR.AX)


Stock Exchange: ASX
Company: Viva Energy Reit
Ticker Codes: | VVR.AX | ASX:VVR |

About Viva Energy Reit (ASX:VVR):

Viva Energy REIT was established in August 2016 as the owner of an initial portfolio of 425 service station sites located across Australia; since this time the property portfolio has increased to 437 sites via the acquisition of additional properties. Viva Energy REIT is Australia's largest listed REIT owning solely service station properties with a high quality portfolio of service stations across all Australian States and Territories.

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