ELDER RAY INDEX
Trading: SELL @ $1.105
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.
Cardno (ASX:CDD) Elder Ray Index is signalling a Bearish movement
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: Cardno (CDD.AX)
Stock Exchange: ASX
Ticker Codes: | CDD.AX | ASX:CDD |
Cardno Limited, a professional infrastructure and environmental services company, engages in the development and improvement of physical and social infrastructure for communities worldwide. The company offers technical and economic feasibility services; planning services, such as statutory planning, urban development, master planning and design, mapping and surveying, and transportation planning; environmental consulting services in natural systems assessment and management, environmental impact assessment and monitoring, agricultural development, climate change management, conservation, and rehabilitation; and engineering design services for various structures, spaces, and systems. It also provides software and technology solutions that aid planning and design for engineers and planners in various industries; project management services across the project lifecycle; construction materials testing and inspection services for building, infrastructure, and mining projects; and construction management services consisting of construction and contract administration, construction and demolition, construction supervision, and subsurface utility engineering. In addition, the company offers asset management, condition assessment, facilities management, infrastructure, and software implementation services; management consulting services to public and private clients to optimize their investment in physical, economic, and social infrastructure projects; and development assistance services to enhance infrastructure, economic, health, educational, and governance situations of developing nations. It serves the building, land, coastal and ocean, environment, international development, management services, energy and resources, transportation, water, and defense market sectors. The company was founded in 1945 and is headquartered in Fortitude Valley, Australia.
Elder Ray IndexDownload
|EDE Eden Energy||0.11||18.3||18,226,541||0.02||BULLISH|
|MTO Moto Goldmines||2.6||8.3||43,680||0.01||BULLISH|
|SMX Sms Management & Technology||0.26||8.3||240,688||0.08||BULLISH|
|UOS United Overseas Australia||0.7||6.1||1,000||0.01||BULLISH|
|CCP Credit Corp||19.99||6||515,529||0.32||BULLISH|
|MXI Maxitra Industries||0.54||5.9||29,549||0.07||BULLISH|
|CCV Cash Converters International||0.28||5.8||647,158||0.01||BULLISH|
|SMN Structural Monitoring Systems||1.1||5.8||33,656||0.18||BULLISH|
|VOC Vocus Communications||3.4||5.6||6,543,793||0.19||BULLISH|