Average true range (ATR) is a technical analysis volatility indicator originally developed by J. Welles Wilder Jr. for commodities. The indicator does not provide an indication of price trend simply the degree of price volatility.
Calculation: Average True Range (ATR):
1) Current ATR = [(Prior ATR x 13) + Current TR] / 14;
2) Where TR = max[(high-low) abs(high-close previous) abs (low-close previous)]
PROFILE: Metals X (MLX.AX)
Stock Exchange: ASXAbout Metals X (ASX:MLX):
Company: Metals X
Ticker Codes: | MLX.AX | ASX:MLX |
Metals X Limited engages in the operation of tin and copper mines; and exploration and development of base metals projects in Australia. It operates through Renison Tin Operations, Wingellina Nickel Project, Nifty Copper Operations, and Maroochydore Copper Project segments. The company holds a 50% interest in the Renison tin project located the west coast of Tasmania; and interest in the Nifty copper project and the Maroochydore copper project in Western Australia. It also holds 100% interests in the Central Musgrave project that covers an area of 1,957 square kilometers of exploration tenure, including the Wingellina nickel deposit, the Claude Hills nickel deposit, and the Mt Davies exploration prospects located in the Central Musgrave Ranges. Metals X Limited was incorporated in 2004 and is based in Perth, Australia.