AVG DIRECTIONAL INDEX
Trading: HOLD @ $13.5
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Amcor (ASX:AMC) has confirmed a weak trend is presentAmcor has an ATR(14) of 0.186, a DX of 4.99 & an ADX(14) of 7.76
The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.
Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;
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.
Average Directional IndexDownload
|PRT Prime Television||0.24||4.4||3,836,921||-19.56||NEUTRAL|
|AUB Austbrokers Holdings||12.19||4.1||207,002||16.6||NEUTRAL|
|SDA Speedcast International||3.05||3||1,391,832||18.4||NEUTRAL|
|MNS Milnes Holdings||0.35||3||608,253||24.9||NEUTRAL|
|MNF My Net Fone||4.22||2.9||934,291||19.02||NEUTRAL|
|TLG Talga Gold||0.35||2.9||146,768||20.02||NEUTRAL|