ELDER RAY INDEX
Trading: BUY @ $22.99
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.
Ansell (ASX:ANN) Elder Ray Index is signalling a Bullish 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: Ansell (ANN.AX)
Stock Exchange: ASX
Ticker Codes: | ANN.AX | ASX:ANN |
Ansell Limited designs, develops, and manufactures protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, Caribbean, and North America. It operates through four segments: Medical, Industrial, Single Use, and Sexual Wellness. The company's Industrial segment offers hand, foot, and body protection solutions for automotive, chemical, construction, machinery and equipment, life sciences, food processing, machinery and equipment, metal fabrication, and first responders, as well as oil, gas, and mining industries. Its Medical segment provides sharps safety products, staff and patient ergonomics, fluid and trip management services, and event protection products; and O.R. turnover solutions, as well as surgical, examination, and specialty gloves. This segment also provides disposable scalpels and antimicrobial surgical theater consumables for acute care hospitals, emergency services, alternate care, dentistry, and veterinary clinics. The company's Single Use segment offers single use gloves for use in various industrial applications, including chemical, food services, life sciences, electronics, and automotive after markets. Its Sexual Wellness segment manufactures, sells, and markets condoms, lubricants, and devices and fragrances through retail outlets to public health programs. The company offers its products under the ActivArmr, Alphatec, HyFlex, ProjeX, VersaTouch, VIKING, Trellchem, MICROCHEM, Microflex, TouchNTuff, Encore, GAMMEX, MICRO-TOUCH, SANDEL, SKYN, Blowtex, LifeStyles, JISSBON, Kamasutra, and Manix brands. The company was formerly known as Pacific Dunlop Limited and changed its name to Ansell Limited in 2002. Ansell Limited was founded in 1888 and is based in Richmond, Australia.
Elder Ray IndexDownload
|GRR Grange Resources||0.22||7.5||5,343,790||0.05||BULLISH|
|SYR Syrah Resources||2.04||5.7||1,482,815||0.01||BULLISH|
|AUB Austbrokers Holdings||12.19||4.1||207,002||0.19||BULLISH|
|MNS Milnes Holdings||0.35||3||608,253||0.21||BULLISH|
|SDA Speedcast International||3.05||3||1,391,832||0.08||BULLISH|
|MNF My Net Fone||4.22||2.9||934,291||0.21||BULLISH|
|GBT Gbst Holdings||1.42||2.5||1,607,388||0.01||BULLISH|