In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.
Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;
PROFILE: National Storage (NSR.AX)
Stock Exchange: ASX
Company: National Storage
Ticker Codes: | NSR.AX | ASX:NSR |
National Storage is one of the largest self-storage providers in Australia and New Zealand, with 127 centres providing tailored storage solutions to over 40,000 residential and commercial customers across Australia and New Zealand. NSR is the first independent, internally managed and fully integrated owner and operator of self-storage centres to be listed on the Australian Securities Exchange (ASX).
|SVW Seven Holdings||19.02||12.2||2,028,025||67.2||NEUTRAL|
|SXY Senex Energy||0.38||7.1||10,983,458||63.6||NEUTRAL|
|CIA Champion Iron||1.59||5.7||299,939||55.9||NEUTRAL|
|BSA Broadcast Services Australia||0.29||5.6||67,709||30||NEUTRAL|
|SMX Sms Management & Technology||0.28||3.7||7,893||30.8||NEUTRAL|