Fletcher Building (FBU)

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Fletcher Building (FBU): Signals

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TECHNICAL ANALYSIS SUMMARY

Fletcher Building (FBU.AX)


Indicator:

ULCER INDEX


Last Signal:

BEARISH


Trading: SELL @ $5.3
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.


Fletcher Building (ASX:FBU) UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.858.



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: Fletcher Building (FBU.AX)


Stock Exchange: ASX
Company: Fletcher Building
Ticker Codes: | FBU.AX | ASX:FBU |

About Fletcher Building (ASX:FBU):

Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building and construction products in New Zealand, Australia, and internationally. Its Building Products segment manufactures, distributes, and markets building products, such as concrete pipes and products, cement and aggregates, plastic pipes, and building materials for commercial and residential markets. The company's International segment provides laminate and surface products for commercial and residential spaces; decorative wood panels and laminates, particle boards, medium density fiber boards, and other decorative products; and pressed metal roof tiles. Its Distribution segment distributes building, plumbing, pipeline, and steel products. The company's Residential and Land Development segment develops land holdings for residential and commercial use, as well as operates as a residential home builder. Its Construction segment builds and maintains commercial buildings and infrastructure projects. Fletcher Building Limited was founded in 1909 and is headquartered in Auckland, New Zealand.

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