Zeolite Australia (ZEL.AX)
Trading: SELL @ $5.79
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.
Zeolite Australia (ASX:ZEL) sellers are keener than buyers and are driving the price down. There has been 4 consecutive days of price decline for ZEL adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.0 & the greatest daily negative change this year has been -1.9. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -14.6%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -2.6%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.5x. Over the last month the average daily downward movement has been -0.600000%
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: Zeolite Australia (ZEL.AX)
Stock Exchange: ASX
Company: Zeolite Australia
Ticker Codes: | ZEL.AX | ASX:ZEL |
Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 157 truck stops; 7 electric vehicle charging stations; and pipelines, terminals, and fuel storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.
|IFL Ioof Holdings||6.17||16.4||6,225,246||-1||BEARISH|
|ENN Elanor Investors||1.7||4.3||51,726||-1||BEARISH|
|IDX Integral Diagnostics||2.96||3.9||17,327||-1||BEARISH|
|CWP Cedar Woods Properties||5.1||3.4||16,697||-1||BEARISH|
|MVP Medical Developments||3.85||1.6||41,678||-1||BEARISH|
|LLC Lend Lease Corporation||13.87||1.5||1,794,277||-1||BEARISH|
|XXJ ASX 200 Fin-X-Prop||6534.7||1.4||0||-1||BEARISH|