Charted on a log scale, XRF’s share price history lends itself to a pretty simple trend analysis.
Arguably the most important parameter is its overall +60% average annual capital growth rate, demonstrated by the trend channel established over the last six years. This aligns with fundamental growth in the business over that period.
That growth rate (+ franked dividend), while price remains above the lower limit of the channel, justifies a Hold without need for any trading concerns IMO. If it approaches the upper limit though, any breach of a medium-term trendline may require some thought. Breach of the lower limit of course would require a more serious decision.
Currently the SP appears to be nicely positioned relative to its historical long-term and medium-term movements.
Charted on a log scale, XRF’s share price history lends itself...
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Last
$1.35 |
Change
0.025(1.89%) |
Mkt cap ! $186.4M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.34 | $47.07K | 34.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 353 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 24307 | 4 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| XRF (ASX) Chart |