ELDER RAY INDEX
Trading: SELL @ $0.88
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.
Amcil (ASX:AMH) Elder Ray Index is signalling a Bearish movement
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: Amcil (AMH.AX)
Stock Exchange: ASX
Ticker Codes: | AMH.AX | ASX:AMH |
Amcil Limited is a publicly owned investment manager. The firm primarily manages separate client focused equity portfolios for its clients. It invests in the public equity markets of Australia. The firm invests in growth and value stocks of large cap and small cap companies to create its portfolios. It invests in companies from media, technology, communications, and entertainment sectors. Amcil Limited was founded in 1996 and is based in Melbourne, Australia.
Elder Ray IndexDownload
|GGG Greenland Minerals||0.1||16.3||5,387,397||0.1||BULLISH|
|BAL Bellamys Australia||9.18||12.5||2,509,847||2.47||BULLISH|
|GSC Global Geoscience||0.26||8.3||3,871,071||0.12||BULLISH|
|PME Pro Medicus||10.28||7||190,192||0.01||BULLISH|
|MLX Metals X||0.47||6.9||1,037,213||0.12||BULLISH|
|BVS Bravura Solutions||4.4||6.8||1,789,711||0.05||BULLISH|
|KDR Kidman Resources||1||6.4||4,933,166||1.33||BULLISH|