Trading: BUY @ $2.04
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.
Fleetwood (ASX:FWD) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.496.
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: Fleetwood (FWD.AX)
Stock Exchange: ASX
Ticker Codes: | FWD.AX | ASX:FWD |
Fleetwood Corporation Limited provides accommodation solutions and recreational vehicles in Australia and New Zealand. The company engages in the design, manufacture, and supply of accommodation for affordable housing, education, and commercial markets; and operation of accommodation villages. It also manufactures and sells caravans, pop-tops, and campers; and recreational and commercial vehicle parts and accessories, as well as supplies fiberglass canopies and aluminum trays for utility vehicles. Fleetwood Corporation Limited was founded in 1964 and is based in East Perth, Australia.
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