ELDER RAY INDEX
Trading: HOLD @ $2.87
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: Metcash (MTS.AX)
Stock Exchange: ASX
Ticker Codes: | MTS.AX | ASX:MTS |
Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food & Grocery, Liquor, and Hardware segments. The Food & Grocery segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Liquor segment engages in the distribution of liquor products to retail outlets and hotels. The Hardware segment distributes hardware products to independent retail outlets; and operates company owned retail stores. The company serves independent retailers in the food, liquor, and hardware sectors. Metcash Limited was founded in 1920 and is based in Macquarie Park, Australia.
Elder Ray IndexDownload
|AJX Alexium International||0.16||18.5||1,120,791||0||BEARISH|
|CKF Collins Foods||7.62||5.2||433,211||-0.65||BEARISH|
|PME Pro Medicus||18.71||4.8||285,946||0||BEARISH|
|DCN Dacian Gold||2.15||4.4||1,372,307||-0.07||BEARISH|
|BRN Brainchip Holdings||0.05||4.4||592,113||-0.01||BEARISH|
|SNL Supply Network||3.76||4.2||4,596||-0.05||BEARISH|
|BKY Berkeley Resources||0.39||4||116,776||-1.37||BEARISH|
|HFR Highfield Resources||0.78||4||75,707||-0.28||BEARISH|
|BGA Bega Cheese||5.08||3.3||677,881||-0.01||BEARISH|