Adelaide Brighton (ABC)

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Adelaide Brighton (ABC): Signals

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TECHNICAL ANALYSIS SUMMARY

Adelaide Brighton (ABC.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BEARISH


Trading: SELL @ $5.31
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Adelaide Brighton (ASX:ABC) Elder Ray Index is signalling a Bearish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


PROFILE: Adelaide Brighton (ABC.AX)


Stock Exchange: ASX
Company: Adelaide Brighton
Ticker Codes: | ABC.AX | ASX:ABC |

About Adelaide Brighton (ASX:ABC):

Adelaide Brighton Limited produces, imports, distributes, and markets construction materials in Australia. The company operates in two segments Cement, Lime, Concrete and Aggregates; and Concrete Products. It offers cement, cementitious products, lime, premixed concrete, aggregates, and sand, as well as concrete bricks, blocks, pavers, retaining walls, erosion control products, architectural masonry products, and reconstituted stone veneers. The company offers its products to residential and non-residential construction, engineering construction, alumina production, and mining markets. Adelaide Brighton Limited was founded in 1882 and is headquartered in Adelaide, Australia.

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