EASE OF MOVEMENT
Trading: BUY @ $0.615
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.
Fairfax (ASX:FXJ) current price have moved upwards on low volume. Currently, the EOM is 0.001.
The Ease of Movement (EOM) is a technical momentum indicator that is used to illustrate the relationship between the rate of an assets price change and its volume. This indicator attempts to identify the amount of volume required to move prices. Generally a value greater than zero is an indication that the stock is being accumulated (bought) and negative values are used to signal increased selling pressure. A high positive value appears when prices move upward on low volume. Strong negative numbers indicate that price is moving downward on low volume.
Calculation: Ease of Movement (EOM):
1) Distance Moved = ((H + L)/2 - (Prior H + Prior L)/2);
2) Box Ratio = ((V/100 000 000)/(H - L));
3) 1-Period EMV = ((H + L)/2 - (Prior H + Prior L)/2) / ((V/100 000 000)/(H - L));
4) 14-Period Ease of Movement = 14-Period simple moving average of 1-period EMV
PROFILE: Fairfax (FXJ.AX)
Stock Exchange: ASX
Ticker Codes: | FXJ.AX | ASX:FXJ |
Fairfax Media Limited operates as a digitally progressive media company in Australia and New Zealand. It operates through Domain Group, Metropolitan Media, Australian Community Media, New Zealand Media, Radio, and Other segments. The company engages in news coverage through print publications and multi-media channels, digital ventures, events, and research for local regional and agricultural communities. Its regional publications include The Canberra Times, Newcastle Herald, Launceston Examiner, Border Mail, Ballarat Courier, and Illawarra Mercury with approximately 160 local newspapers and community-based Websites; agricultural publications comprise The Land, Queensland Country Life, North Queensland Register, Stock Journal, Stock, and Land along with Farm Weekly; events comprise AgQuip and CRT Farmfest Field Days, as well as is involved in Tamworth country music festival; and offers research and agricultural database options for rural industries. The company's publications also include The Sydney Morning Herald, The Age, and The Australian Financial Review. In addition, it engages in digital publishing, online dating, weather services, e-health, online education, video-on-demand, online jobs search, and online tender businesses. Further, the company provides residential, commercial, and rural property marketing solutions and search tools for buyers, investors, sellers, renters, and agents through mobile and tablet apps, at domain.com.au, as well as through metropolitan and regional newspapers. Additionally, it has a portfolio of lifestyle-oriented products focused on running, swimming, food and wine, parenting, and the arts; and operates a news and entertainment site, stuff.co.nz. The company also operates news, talk, and sport radio stations in Sydney and Melbourne. Fairfax Media Limited was incorporated in 1990 and is headquartered in Sydney, Australia.
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