Trading: BUY @ $5.35
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Greenross (ASX:GXL) has a current Supertrend of 5.107. This has change 0 points from yesterday.
The Supertrend is a trend following indicator which identifies uptrends and downtrends. The SuperTrend indicator is calculated utilising the ATR to offset the indicator from the common price. Before understanding the supertrend indicator, understanding the ATR is essential as super trend employs ATR values to calculate the indicator values. This indicator fluctuates above and below 0 signalling the current direction of the trend. This is a lagging trend indicator that assists in defining trend directions does not perform well in ranging markets.
Calculation: Supertrend (SUP) :
1) Basic Upper band = (High + Low) / 2 + Multiplier * ATR;
2) Basic Lower band = (High + Low) / 2 - Multiplier * ATR
3) Final Upper band = IF((Basic Upper band < Final Upper band(yest)) OR (Close(yest) > Previous Final Upper band(yest))) THEN (Basic Upper band) ELSE Final Upper band(yest));
4) Final Lower band = IF((Basic Lower band > Final Lowerband (yest)) OR (Close(yest) < Final Lower band(yest))) THEN (Basic Lower band) ELSE Final Lower band(yest));
5) Supertrend = IF(Close <= Final Upper band ) THEN Final Upper band ELSE Final Lower band;
Where Multiplier = 3; Period=14
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.
|TNG Tennant Creek Gold||0.12||20||2,614,432||0.49||BULLISH|
|BOC Bougainville Copper||0.19||19.4||2,000||-0.03||BULLISH|
|SMX Sms Management & Technology||0.32||10.3||22,277||-0.05||BULLISH|
|API Australian Pharmaceutical||1.6||8.5||4,383,227||0.18||BULLISH|
|MCY Mighty River Power||3.69||7.9||1,417||0.08||BULLISH|
|SGF SG Fleet||2.9||5.5||133,066||0.08||BULLISH|
|GRR Grange Resources||0.2||5.3||607,535||0.03||BULLISH|