ELDER RAY INDEX
Trading: HOLD @ $14.74
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.
A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).
Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;
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 Ray IndexDownload
|LYC Lynas Corporation||1.84||11.9||10,942,144||0.11||BULLISH|
|TZN Terramin Australia||0.09||9.8||14,570||0.2||BULLISH|
|MVP Medical Developments||3.91||7.4||111,742||0.04||BULLISH|
|BGA Bega Cheese||5.09||7.4||1,107,047||0.05||BULLISH|
|NEC Nine Entertainment||1.49||7.2||17,312,234||0.23||BULLISH|
|BOC Bougainville Copper||0.15||7.1||5,000||0.04||BULLISH|
|IRD Iron Road||0.06||6.7||45,111||0.01||BULLISH|
|FDV Frontier Digital Ventures||0.51||6.3||308,940||0.01||BULLISH|