In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.
Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;
PROFILE: Bell Financial (BFG.AX)
Stock Exchange: ASXAbout Bell Financial (ASX:BFG):
Company: Bell Financial
Ticker Codes: | BFG.AX | ASX:BFG |
Bell Financial Group Limited provides stock broking, investment, and financial advisory services to private, institutional, and corporate clients. It operates through Retail and Wholesale segments. The company provides equities, futures, foreign exchange, corporate fee income, portfolio administration, margin lending, and deposit products and services. It also engages in the online stockbroking business. The company operates a network of 14 offices in Australia, as well as offices in London and Hong Kong. Bell Financial Group Limited was incorporated in 1998 and is based in Melbourne, Australia.