ELDER RAY INDEX
Trading: HOLD @ $7.04
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.
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: Dulux (DLX.AX)
Stock Exchange: ASX
Ticker Codes: | DLX.AX | ASX:DLX |
DuluxGroup Limited manufactures, markets, sells, and distributes paints, coatings, adhesives, and garden care and other building products in Australia, New Zealand, Papua New Guinea, China, South East Asia, and the United Kingdom. The company's Dulux ANZ segment offers decorative paints, as well as woodcare, texture, protective, powder, and industrial coatings for consumer and professional trade markets. Its Selleys & Parchem ANZ segment provides adhesives, sealants, and other household repair and maintenance products for the consumer and professional trade markets; and construction chemicals, decorative concrete solutions, and related equipment. The company's B&D Group segment offers garage doors and electronic openers for residential, commercial, and industrial use. Its Lincoln Sentry segment distributes branded cabinet and architectural hardware to the cabinet making, window, door, and glazing industries. The company's Other Businesses segment offers garden care and home improvement products; and decorative and specialty coatings, adhesives, and paints. DuluxGroup Limited was founded in 1918 is headquartered in Clayton, Australia.
Elder Ray IndexDownload
|LYC Lynas Corporation||1.84||11.9||10,942,144||0.11||BULLISH|
|TZN Terramin Australia||0.09||9.8||14,570||0.2||BULLISH|
|MVP Medical Developments||3.91||7.4||111,742||0.04||BULLISH|
|BGA Bega Cheese||5.09||7.4||1,107,047||0.05||BULLISH|
|NEC Nine Entertainment||1.49||7.2||17,312,234||0.23||BULLISH|
|BOC Bougainville Copper||0.15||7.1||5,000||0.04||BULLISH|
|IRD Iron Road||0.06||6.7||45,111||0.01||BULLISH|
|FDV Frontier Digital Ventures||0.51||6.3||308,940||0.01||BULLISH|