Westpac Banking Corporation (WBC.AX)
VOLUME RATE OF CHANGE
Trading: SELL @ $26.42
Signal Strength: MEDIUM
Westpac Banking Corporation (ASX:WBC) currently has negative rate of change of -56%. This means the current volume is less than the price 14 days ago and therefore losing momentum.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.
Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];
PROFILE: Westpac Banking Corporation (WBC.AX)
Stock Exchange: ASX
Company: Westpac Banking Corporation
Ticker Codes: | WBC.AX | ASX:WBC |
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business, community solutions one, not-for-profit savings, and foreign currency accounts; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services. It also provides home and content, landlord, car, travel, boat, caravan and trailer, life, credit card and loan repayment, income protection, business, farm pack, person income, and business overheads insurance products; superannuation and retirement products; investment portfolios; installment warrants; and trading, financial advisory, wealth, foreign currency exchange, international payment, cash flow management, international trade, and import and export services. In addition, it offers industry specific banking and treasury services; other services, such as emergency cash, online and telephone banking, ATMs, unclaimed money, travel center, margin lending, and banking services to migrants moving to Australia; and mobile wallets. Further, it provides capital advisory and fund management, transactional and private banking, and financial market services; and corporate and structured finance, as well as trade and supply chain finance. It serves individuals; micro, small, and medium enterprises; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is headquartered in Sydney, Australia.
Volume Rate of ChangeDownload
|SXY Senex Energy||0.38||7.1||10,983,458||-79||BEARISH|
|OGC Oceanagold Corporation||4.73||6.3||557,211||-57||BEARISH|
|CIA Champion Iron||1.59||5.7||299,939||-69||BEARISH|
|AYS Amaysim Australia||0.95||5.6||94,182||-67||BEARISH|
|BSA Broadcast Services Australia||0.29||5.6||67,709||-84||BEARISH|
|SAR Saracen Mineral||3.05||4.8||5,818,759||-98||BEARISH|
|SSM Service Stream||2.14||4.4||2,193,559||-41||BEARISH|
|WGX Westgold Resources||1.2||4.3||573,357||-55||BEARISH|