ELDER RAY INDEX
Trading: HOLD @ $1.115
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: Autosports (ASG.AX)
Stock Exchange: ASX
Ticker Codes: | ASG.AX | ASX:ASG |
Autosports Group Limited operates as a vehicle dealer in Australia. The company engages in the sale of new and used motor vehicles; distribution of finance and insurance products; sale of aftermarket products and spare parts; and provision of motor vehicle servicing and collision repair services. Autosports Group Limited was founded in 2016 and is based in Leichhardt, Australia.
Elder Ray IndexDownload
|DNA Donaco International||0.05||22.7||60,506,628||-0.03||BEARISH|
|AJX Alexium International||0.11||5||90,709||-0.36||BEARISH|
|BRN Brainchip Holdings||0.12||4.3||567,310||-0.02||BEARISH|
|RXP Rxp Services||0.48||4.3||13,174||0||BEARISH|
|EMH European Metals Holdings||0.32||3.2||27,851||-0.02||BEARISH|
|ZEL Zeolite Australia||5.41||3.2||11,794||-4.8||BEARISH|
|GGG Greenland Minerals||0.07||3||450,463||-0.04||BEARISH|
|PPH Pan Pharmaceuticals||3.15||2.9||56,084||-0.03||BEARISH|
|MTO Moto Goldmines||1.8||2.9||9,631||0||BEARISH|