Arb Corporation (ARB.AX)
MARKET FACILITATION INDEX
Trading: POSITION @ $17.27
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.
Arb Corporation (ASX:ARB) Currently is a confirmed Green Day.
The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.
Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;
PROFILE: Arb Corporation (ARB.AX)
Stock Exchange: ASX
Company: Arb Corporation
Ticker Codes: | ARB.AX | ASX:ARB |
ARB Corporation Limited designs, manufactures, distributes, and sells motor vehicle accessories and light metal engineering works in Australia, the United States, Thailand, the Middle East, and Europe. The company provides protection equipment, including bull bars and frontal protection, side rails and protection steps, rear protection equipment, and under vehicle protection products; recovery equipment, such as warn winches, bushranger winches, smittybilt winches, recovery points, straps and accessories, jacks and accessories, recovery kits and bags, and other recovery essentials. It also offers nitrocharger sports, springs, and steering and hardware products; vehivle lighting products comprising LED light bars and driving lights, and IPF lighting products and accessories; Canopies and Ute Lids, sport lids, and sportguard Ute liners; roof racks and roof bars; and drawers and cargo barriers; and batteries, auxiliary battery kits, battery management products, and solar products. In addition, the company offers general accessories, such as first aid kits, apparel and promotional items, tire accessories, fuel and water tanks, free wheeling hubs, tow bars and accessories, rear bars and wheel carriers, air compressors, power tanks, bushpaks, wagon liners, spare wheel covers, side steps, navigators, radios, aftermarket seats, reversing cameras, seat covers, and other accessories. It serves stockists, vehicle dealers, and various fleet operators. The company operates approximately 61 ARB stores in Australia. ARB Corporation Limited was founded in 1975 and is headquartered in Kilsyth, Australia.
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