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
|RND Rand Mining||3.8||58.3||13,444||-0.02||BEARISH|
|BDR Beadell Resources||0.06||11.5||4,487,745||-0.01||BEARISH|
|PLS Pilbara Minerals||0.86||6.9||12,562,487||-0.02||BEARISH|
|EVN Evolution Mining||2.85||6.7||16,065,333||-0.01||BEARISH|
|RRL Regis Resources||4.11||6.5||4,264,650||-0.01||BEARISH|
|LYC Lynas Corporation||2.05||5.9||7,004,603||-0.01||BEARISH|
|KDR Kidman Resources||1.08||5.9||3,197,717||-0.03||BEARISH|