Lynas Corporation (LYC)

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Lynas Corporation (LYC): Signals

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TECHNICAL ANALYSIS SUMMARY

[BULLISH]: Lynas Corporation Elder Ray Index is signalling a Bullish movement



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: Lynas Corporation (LYC.AX)


Stock Exchange: ASX
Company: Lynas Corporation
Ticker Codes: | LYC.AX | ASX:LYC |

About Lynas Corporation (ASX:LYC):

Lynas Corporation Limited, together with its subsidiaries, engages in the exploration, development, mining, and processing of rare earth minerals in Australia and Malaysia. The company holds interest in the Mount Weld project in Western Australia. It also owns and operates Lynas advanced materials plant located in Malaysia; and Mt. Weld concentration plant located in Western Australia. The company was incorporated in 1983 and is headquartered in Kuantan, Malaysia.

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Elder Ray Index

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