Viva Energy Reit (VVR.AX)
Trading: BUY @ $2.13
Signal Strength: WEAK
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 currently keener than sellers and are driving the price up. This is the first day of price rise for VVR adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.8 & the greatest daily positive change this year has been 132.3. The longest consecutive upswing rally over the last 12 months has been 2 days giving a total rally upward movement of 133.7%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 1.8%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.3x. Over the last month the average daily upward movement has been 0.900000%
The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Viva Energy Reit (VVR.AX)
Stock Exchange: ASX
Company: Viva Energy Reit
Ticker Codes: | VVR.AX | 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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