Australian Ethical Investments (AEF.AX)
RELATIVE STRENGTH INDEX
Trading: BUY @ $1.7
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Australian Ethical Investments (ASX:AEF) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder which compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.
Calculation: Relative Strength Index (RSI):
1) RSI = 100 - 100 / (1 + RS);
2) RS = Average Gain / Average Loss;
PROFILE: Australian Ethical Investments (AEF.AX)
Stock Exchange: ASX
Company: Australian Ethical Investments
Ticker Codes: | AEF.AX | ASX:AEF |
Australian Ethical Investment Ltd is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm invests in clean energy, sustainable products, medical solutions, innovative technology, responsible banking, healthcare, recycling, energy efficiency, education, and aged care. It does not invest in coal, coal seam gas, oil, weapons, tobacco, logging, exploitation, gambling, human rights abuses, and harmful products. Australian Ethical Investment Ltd was founded in 1986 and is based in Sydney, Australia.
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