Trading: SELL @ $2.74
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.
GWA (ASX:GWA) UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.068.
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: GWA (GWA.AX)
Stock Exchange: ASX
Ticker Codes: | GWA.AX | ASX:GWA |
GWA Group Limited engages in the research, design, manufacture, import, marketing, and distribution of building fixtures and fittings to residential and commercial premises in Australia, New Zealand, and international markets. It operates through two segments, Bathrooms & Kitchens, and Door & Access Systems. The Bathrooms & Kitchens segment offers vitreous China toilet suites, basins, plastic cisterns, tapware, baths, kitchen sinks, laundry tubs, and bathroom accessories under various brands, including the Caroma, Dorf, Fowler, Stylus, and Clark as well as Schell, Virtu, EMCO, and Sanitron. The Door & Access Systems segment provides door locks and levers under various brands, including Grainsborough, Trilock, TradePro, and Austral Lock, as well as Salto, Lorient, and Eco Schulte. This segment also engages in the supply and maintenance of commercial door systems. GWA Group Limited is headquartered in Eagle Farm, Australia.
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