ELDERS FORCE INDEX
Trading: SELL @ $13.49
Signal Strength: MEDIUM
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.
Amcor (ASX:AMC) current price has highlighted recent selling pressure. Currently, the Elders Force Index is -47788.
Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.
Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;
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.
Elder's Force IndexDownload
|FRI Finbar International||0.82||9.3||29,707||-817||BEARISH|
|YAL Yancoal Australia||3.58||6.2||15,958||-8,629||BEARISH|
|SGR The Star Entertainment||4.58||5.3||3,025,465||-28,548||BEARISH|
|AJX Alexium International||0.12||4.5||408,959||-846||BEARISH|
|EQT Equity Trustees||24||4.3||34,589||-3,995||BEARISH|
|GCY Gascoyne Resources||0.12||4.3||2,720,069||-1,664||BEARISH|
|AHY Asaleo Care||0.95||3.8||2,959,854||-12,207||BEARISH|
|AGG Anglogold Ashanti||3||3.4||7,551||-428||BEARISH|