Auto Enterprises (ATL.AX)
ELDER RAY INDEX
Trading: HOLD @ $1.25
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.
Auto Enterprises (ASX:ATL)
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: Auto Enterprises (ATL.AX)
Stock Exchange: ASX
Company: Auto Enterprises
Ticker Codes: | ATL.AX | ASX:ATL |
Apollo Tourism & Leisure Ltd., a tourism leisure company, manufactures, imports, rents, sells, and distributes recreational vehicles in Australia, New Zealand, and North America. It offers motorhomes, campervans, and caravans under the Winnebago, Adria, and Talvor brands. The company is also involved in the retail and wholesale of new and used motorhomes and caravans; and sale of ex-rental motorhomes through a dealer network. Apollo Tourism & Leisure Ltd. was founded in 1985 and is headquartered in Northgate, Australia.
Elder Ray IndexDownload
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