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Admin123 : Admin - Sapphire Capitals
Date : 2022-04-17

Stock of interest - Week 16 - AUSTRALIA - PRICE ACTION

The week beginning Easter Monday, the 18^th April is Week 16 as per ISO numbering convention of the weeks of a year. Since Easter Monday is a holiday in Australia, the first trading day of Week 16 would the Tuesday, the 19^th April.

Country in focus:

This week we look at the Stocks from Australia in ASX300 index.

Stock/ETF in focus:

Specific Stock in focus is BWP Trust (Ticker: BWP), in the Real estate industry.

Trade Direction:

BULLISH, Price action study since January 2018 with 82.76% probability of success in a BUY (LONG) trade.

Overview:

Established and listed on the Australian Securities Exchange in 1998, BWP Trust is a real estate investment trust investing in and managing commercial properties throughout Australia. The majority of the Trust's properties are large format retailing properties, in particular, Bunnings Warehouses, leased to Bunnings Group Limited. Bunnings is the leading retailer of home improvement and outdoor living products in Australia and New Zealand, and a major supplier to project builders, commercial trades people, and the housing industry. Full details on the Trust's property portfolio can be found in the Our Properties section of this website. The Trust is managed by an external responsible entity, BWP Management Limited which is appointed under the Trust's constitution and operates under an Australian Financial Services Licence. The responsible entity is committed to managing the Trust solely and is paid an annual fee based on the gross assets of the Trust. Both Bunnings and the responsible entity are wholly owned subsidiaries of Wesfarmers Limited, one of Australia's largest listed companies. Wesfarmers also owns approximately 24.75 per cent of the issued units in the Trust.

Fundamentals:

52 Week Range 3.8200 - 4.3900

Avg. Volume 1,033,195

Market Cap 2.621B

PE Ratio (TTM) 5.60

EPS (TTM) 0.7280

Current trading price:

As of Friday close, the stock was trading at 4.08.

PRICE-ACTION:

The Stock strongly conforms to bullish Price Action patterns with about 83% probability of success, here are some of the details of its Price Action patterns:

Since 2018 beginning, there were 33 Bullish Price Action events of which 24 were winners with average move up (AMU) of 5.84% and average move down (AMD) of 2.30% for an average holding time of 48 days.
If 1,000 stocks were bought on the day following those 33 Price Action events, then a trader would have made a Gross Profit of $5,730, Gross Loss of $400, making a Total Net Profit of $5,330.
In those 33 trades following each of those Price Action events, the Largest Win would have been $570, Largest Loss is $170, the Average profit/trade being $180.
The average Reward-Risk Ratio (RRR) in those trades were about 14:1.

Charts:

Summary report extract:

Trade Performance (Single Stock/ETF/Index, non-leveraged): 2012-2021:

Histogram:

Latest event candlestick chart:

Further Information about trading applications:

Please visit the following URL for more information on various trading applications from Sapphire Capitals which are designed to deliver high probability trading opportunities for swing trading as well as for intraday trading:

Disclaimer:

Sapphire Private Assets (ABN: 34 613 892 023, trading as Sapphire Capitals) is not a broker or a financial adviser but an education and research organisation; we provide training and tools for traders and DIY fund managers for trading in global financial markets. The contents of the blog have been produced by using technical analysis and trading applications developed by Sapphire Capitals for the Stock and ETF traded worldwide. The contents of this blog are intended for education and research purposes only and is not a recommendation or solicitation to invest in any Stock or ETF.

For more details, please visit www.sapphirecapitals.com/Disclaimer.