Galaxy Resources (GXY)

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Galaxy Resources (GXY): Signals

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TECHNICAL ANALYSIS SUMMARY

Galaxy Resources (GXY.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

BULLISH


Trading: BUY @ $1.975
Signal Strength: MEDIUM
Recommendation:

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.


Galaxy Resources (ASX:GXY) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 12421.



Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;


PROFILE: Galaxy Resources (GXY.AX)


Stock Exchange: ASX
Company: Galaxy Resources
Ticker Codes: | GXY.AX | ASX:GXY |

About Galaxy Resources (ASX:GXY):

Galaxy Resources Limited engages in the production of lithium concentrate, and exploration of minerals in Australia, Canada, and Argentina. The company holds interests in the Sal de Vida brine project in Argentina; the Mt Cattlin spodumene mine in Western Australia; and the James Bay spodumene project in Quebec, Canada. Galaxy Resources Limited is based in Applecross, Australia.

Top 10:

Elder's Force Index

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Company Close Change (%) Volume Value Signal
SVW Seven Holdings 19.02 12.2 2,028,025 -5 BEARISH
GCY Gascoyne Resources 0.11 11.1 1,637,598 -109,854 BEARISH
NWH NRW 2.28 9.6 3,181,761 -5,309 BEARISH
ORE Orocobre 3.2 7.4 2,255,245 -21,915 BEARISH
SXY Senex Energy 0.38 7.1 10,983,458 -121,189 BEARISH
RSG Resolute Mining 1.15 6.5 9,128,506 -141,741 BEARISH
PRU Perseus Mining 0.44 6 5,131,036 -11,623 BEARISH
CIA Champion Iron 1.59 5.7 299,939 -5,844 BEARISH
AYS Amaysim Australia 0.95 5.6 94,182 -1,938 BEARISH
FMG Fortescue Metals 6.69 5.4 22,842,445 -885 BEARISH
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