Berkeley Resources (BKY)

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Berkeley Resources (BKY): Signals

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TECHNICAL ANALYSIS SUMMARY

Berkeley Resources (BKY.AX)


Indicator:

ULCER INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.41
Signal Strength: MEDIUM
Recommendation:

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.


Berkeley Resources (ASX:BKY) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 11.805.



A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.

Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;


PROFILE: Berkeley Resources (BKY.AX)


Stock Exchange: ASX
Company: Berkeley Resources
Ticker Codes: | BKY.AX | ASX:BKY |

About Berkeley Resources (ASX:BKY):

Berkeley Energia Limited engages in the exploration and development of uranium mine in Spain. It is developing the Salamanca project located in western Spain. The company was formerly known as Berkeley Energy Limited and changed its name to Berkeley Energia Limited in November 2015. Berkeley Energia Limited is based in London, the United Kingdom.

Top 10:

Ulcer Index

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LOV Lovisa 9.3 20.2 1,518,896 1.05 BULLISH
CTD Corporate Travel Management 28.81 14.7 1,727,133 2.26 BULLISH
SVW Seven Holdings 19.02 12.2 2,028,025 3.09 BULLISH
AXP Airxpanders Inc 0.04 12.1 4,203,665 0.84 BULLISH
ORE Orocobre 3.2 7.4 2,255,245 2.05 BULLISH
SXY Senex Energy 0.38 7.1 10,983,458 3.06 BULLISH
BFC Beston Global Food 0.16 6.9 222,535 4.07 BULLISH
RSG Resolute Mining 1.15 6.5 9,128,506 4.92 BULLISH
SLR Silver Lake Resources 0.68 6.3 5,503,241 4.95 BULLISH
OGC Oceanagold Corporation 4.73 6.3 557,211 3.29 BULLISH
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