Trading: BUY @ $14.74
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.
Amcor (ASX:AMC) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
Acceleration bands serve as a trading envelope using an instrument’s typical volatility over a standard setting of 20 bars. The user may change the input (close) period length and multiplier factor.
Calculation: Acceleration Bands:
1) Upper band = ( High * ( 1 + 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
2) Lower band = ( Low * ( 1 – 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
3) Where Factor=0.001
PROFILE: Amcor (AMC.AX)
Stock Exchange: ASX
Ticker Codes: | AMC.AX | ASX:AMC |
Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.
|LYC Lynas Corporation||1.84||11.9||10,942,144||4.4||BULLISH|
|TZN Terramin Australia||0.09||9.8||14,570||10||BULLISH|
|MVP Medical Developments||3.91||7.4||111,742||2.33||BULLISH|
|NEC Nine Entertainment||1.49||7.2||17,312,234||2.64||BULLISH|
|IRD Iron Road||0.06||6.7||45,111||3.14||BULLISH|
|PNR Pacific Niugini Minerals||0.24||4.3||220,033||0.8||BULLISH|
|RVA Reva Medical||0.17||3||16,800||9||BULLISH|
|PNC Pioneer Credit||2.96||2.8||61,606||1.64||BULLISH|
|SGF SG Fleet||2.66||2.7||548,878||3.5||BULLISH|