Unfortunately the broker data from the last two years has always suggested that 85% of our sell table is small retail. A few people adding constant pressure when there's a lack of buyers will ultimately drive down the price as algorythms struggle to find suitable volume to offload. Algo selling works - but it puts a handbrake on momentum by design (auto selling when a % increase is achieved, thus slowing growth.)
It's easy to shrug at this, but RAC has a buyer problem AND a seller problem. Retail are absolutely the issue.
I would suggest seeing what a pause in your algo selling does for a week. I strongly suspect it will be better for your balance as the SP stabilises and is allowed to rise. The growth would likely outstrip your algo's set rate and you'd get a better return.
IMO not advice.
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Last
$1.47 |
Change
0.025(1.74%) |
Mkt cap ! $249.7M |
Open | High | Low | Value | Volume |
$1.44 | $1.48 | $1.44 | $25.63K | 17.46K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 312 | $1.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.48 | 354 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 312 | 1.465 |
1 | 2000 | 1.460 |
1 | 548 | 1.440 |
1 | 2046 | 1.420 |
3 | 14000 | 1.410 |
Price($) | Vol. | No. |
---|---|---|
1.480 | 11014 | 1 |
1.495 | 2500 | 1 |
1.500 | 4999 | 1 |
1.520 | 485 | 1 |
1.530 | 10000 | 1 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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RAC (ASX) Chart |