MARKET FACILITATION INDEX
Trading: REDUCE @ $1.59
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.
Flexigroup (ASX:FXL) Currently is a confirmed Squat Day.
The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.
Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;
PROFILE: Flexigroup (FXL.AX)
Stock Exchange: ASX
Ticker Codes: | FXL.AX | ASX:FXL |
FlexiGroup Limited provides consumer revolving financing, leasing, and rental financing services in Australia, New Zealand, and Ireland. The company operates through Certegy, Australia Cards, Australia Leasing, New Zealand Leasing, and New Zealand Cards segments. It offers leasing services to consumers, businesses, and corporations under the FlexiRent, FlexiWay, FlexiCommercial, FlexiEnterprise, and SmartWay brands; and interest free finance to enable customers to facilitate purchases at participating retailer's point of sale and online. The company also provides no interest ever, interest free and Visa cards, vendor finance programs, buy now pay later, and other finance solutions to consumers and businesses. In addition, it offers non-bank consumer credit services. The company serves various industries, including travel and home improvement, jewelery, technology, furniture, education, government, solar, and point of sale systems; and business to consumer, business to business, retail to consumers, and online markets through a network of 24,000 merchant, vendor, and retail partners. FlexiGroup Limited was founded in 1988 and is headquartered in Sydney, Australia.
Bill Williams Market IndexDownload
|TRS Reject Shop||2.34||15.8||571,078||0||NEUTRAL|
|MNS Milnes Holdings||0.37||12.3||2,277,569||0||NEUTRAL|
|LYC Lynas Corporation||2.4||9.6||12,451,685||0||NEUTRAL|
|AJX Alexium International||0.12||9.1||1,013,972||0||NEUTRAL|
|DNA Donaco International||0.19||8.6||223,280||0||NEUTRAL|
|CVW Clearview Wealth||0.96||7.9||88,268||0||NEUTRAL|
|OMH OM Holdings||1.49||7.2||432,734||0||NEUTRAL|