In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.
Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;
PROFILE: AGL Energy (AGL.AX)
Stock Exchange: ASXAbout AGL Energy (ASX:AGL):
Company: AGL Energy
Ticker Codes: | AGL.AX | ASX:AGL |
AGL Energy Limited, an integrated energy company, provides electricity, gas, and related products and services to consumer, business, and wholesale customers in Australia. The company conducts its operations through Energy Markets, Group Operations, and Investments segments. It generates electricity through thermal, natural gas and storage, hydro, and wind power generation plants. The company operates electricity generation portfolio of 10,246 megawatts. It also operates the Newcastle Gas Storage Facility in New South Wales; the Silver Springs underground gas storage facility in Queensland; and natural gas production assets at Camden in New South Wales. As of September 11, 2017, it served approximately 3.6 million customer accounts. AGL Energy Limited was founded in 1837 and is based in Sydney, Australia.