Cash Converters International (CCV.AX)
ELDERS FORCE INDEX
Trading: BUY @ $0.25
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.
Cash Converters International (ASX:CCV) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 131.
Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.
Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;
PROFILE: Cash Converters International (CCV.AX)
Stock Exchange: ASX
Company: Cash Converters International
Ticker Codes: | CCV.AX | ASX:CCV |
Cash Converters International Limited operates as a franchisor of second hand goods and financial services stores under the Cash Converters brand name. The company operates through Franchise Operations, Store Operations, Personal Finance, and Vehicle Financing segments. It engages in the sale of franchises for the retail sale of second hand goods; the sale of master licenses for the development of franchises; and the retail sale of second hand goods, as well as in cash advance and pawn broking operations through corporate owned stores. It also provides personal loans; and Mon-E, which offers Internet platform and administration services for the Cash Converters network to provide small cash advance loans to their customers. The company operates 659franchised stores, including 196 stores in the United Kingdom, 83 stores in Australia, and 380 stores internationally. Cash Converters International Limited was founded in 1984 and is based in Perth, Australia.
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