ELDER RAY INDEX
Trading: BUY @ $0.235
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.
Neometals (ASX:NMT) 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: Neometals (NMT.AX)
Stock Exchange: ASX
Ticker Codes: | NMT.AX | ASX:NMT |
Neometals Ltd explores and evaluates mineral properties in Australia. It operates through three segments: Lithium, Titanium, and Other. The company explores for lithium, titanium, and vanadium. Its principal assets include the Mt Marion Lithium and Barrambie Titanium projects located in Western Australia. It also provides various processes to extract valuable metals for a range of base, light, and precious metal oxides, as well as for sulphides, intermediates, and waste feeds. The company was formerly known as Reed Resources Ltd. and changed its name to Neometals Ltd in December 2014. Neometals Ltd is based in West Perth, Australia.
Elder Ray IndexDownload
|RMS Ramelius Resources||0.87||9.5||14,715,404||0.04||BULLISH|
|JHC Japara Healthcare||1.53||7.7||642,211||0||BULLISH|
|SDA Speedcast International||3.77||5.3||1,781,232||0.01||BULLISH|
|PRU Perseus Mining||0.51||5.2||6,519,557||0.03||BULLISH|
|AJX Alexium International||0.12||4.5||59,521||0.02||BULLISH|
|GDI GDI Property||1.4||4.5||965,736||0.03||BULLISH|
|AGG Anglogold Ashanti||3.88||3.7||1,490||0.18||BULLISH|