RELATIVE STRENGTH INDEX
Trading: SELL @ $5.41
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Greenross (ASX:GXL) is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.
The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder which compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.
Calculation: Relative Strength Index (RSI):
1) RSI = 100 - 100 / (1 + RS);
2) RS = Average Gain / Average Loss;
PROFILE: Greenross (GXL.AX)
Stock Exchange: ASX
Ticker Codes: | GXL.AX | ASX:GXL |
Greencross Limited, an integrated pet care company, provides veterinary services. The company offers vaccination, desexing, dentistry, microchip identification, parasite prevention, surgical procedure, laboratory/pathology testing, radiology, ultrasound, and weight loss program services. It also operates physical and online pet stores that sell specialty pet care products under the Petbarn and City Farmers brand names; and provides a range of non-medical companion animal healthcare services. The company offers its services to dogs, cats, birds, and reptiles. As of June 30, 2017, its network comprised 420 stores and clinics across Australia and New Zealand. The company was founded in 1994 and is headquartered in Woolloongabba, Australia.
Relative Strength IndexDownload
|LYC Lynas Corporation||2.4||9.6||12,451,685||78.67||BULLISH|
|OHE Orion Health||1.1||5.8||7,450||84.17||BULLISH|
|GEM G8 Education||2.45||3.8||5,930,377||73.47||BULLISH|
|CKF Collins Foods||7.25||3.1||770,275||76.75||BULLISH|
|ATM Aneka Tambang||0.9||0||0||91.21||BULLISH|
|CII Ci Resources||1.7||0||0||86.39||BULLISH|