Newcrest Mining (NCM.AX)
ELDERS FORCE INDEX
Trading: BUY @ $20.59
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.
Newcrest Mining (ASX:NCM) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 485.
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: Newcrest Mining (NCM.AX)
Stock Exchange: ASX
Company: Newcrest Mining
Ticker Codes: | NCM.AX | ASX:NCM |
Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and the sale of gold and gold/copper concentrates in Australia, Southeast Asia, and West Africa. It is also involved in the exploration of silver deposits. The company primarily owns and operates mines and projects located in Cadia and Telfer, Australia; Lihir, Papua New Guinea; Gosowong, Indonesia; Bonikro, Cote d'Ivoire in West Africa; and other projects. Newcrest Mining Limited was founded in 1966 and is headquartered in Melbourne, Australia.
Elder's Force IndexDownload
|BOC Bougainville Copper||0.19||11.8||27,150||-47,457||BEARISH|
|AXP Airxpanders Inc||0.05||9.8||1,004,637||-2,720||BEARISH|
|KDR Kidman Resources||1.33||6.4||2,739,230||-378,960||BEARISH|
|CWY Cleanaway Waste Management||1.86||6.3||8,021,245||-82,508||BEARISH|
|EDE Eden Energy||0.08||5.1||4,851,303||-722||BEARISH|
|VAH Virgin Australia Holdings||0.21||5.1||140,692||-25,197||BEARISH|
|AKP Audio Pixels Holdings||17.3||4||5,190||-6,353||BEARISH|