ELDER RAY INDEX
Trading: HOLD @ $6.83
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.
A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).
Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;
PROFILE: Ipoh (IPH.AX)
Stock Exchange: ASX
Ticker Codes: | IPH.AX | ASX:IPH |
IPH Limited, together with its subsidiaries, provides intellectual property (IP) services and products. It offers IP services related to the provision of filing, prosecution, enforcement, and management of patents, designs, trademarks, and other IP; and engages in the development and provision of IP data and analytics software under the subscription license model. The company is also involved in data analysis and software business, as well as provides software development and patent attorney services. It serves Fortune Global 500 companies, multinationals, public sector research organizations, SMEs, and professional services firms in Australia, Singapore, Malaysia, Thailand, Indonesia, China, Hong Kong, Germany, and internationally. IPH Limited was founded in 1887 and is based in Sydney, Australia.
Elder Ray IndexDownload
|TNG Tennant Creek Gold||0.11||12.2||1,689,894||0.02||BULLISH|
|BKY Berkeley Resources||0.33||10||250,006||1.98||BULLISH|
|WHC Whitehaven Coal||4.46||6.4||15,597,625||0.05||BULLISH|
|SPL Starpharma Holdings||1.34||5.9||873,280||0.12||BULLISH|
|SNZ Summerset Holdings||5.61||5.3||2,413||0.04||BULLISH|