ELDER RAY INDEX
Trading: HOLD @ $5.55
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: Nufarm (NUF.AX)
Stock Exchange: ASX
Ticker Codes: | NUF.AX | ASX:NUF |
Nufarm Limited, together with its subsidiaries, manufactures and sells crop protection products in Australia, New Zealand, Asia, Europe, North America, Latin America, and internationally. It operates through two segments, Crop Protection and Seed Technologies. The company offers herbicides, insecticides, fungicides, and plant growth regulators to protect crops from damage caused by weeds, pests, and diseases. It also provides seeds and seed treatment products; and engages in croplands equipment business. The company is headquartered in Laverton North, Australia.
Elder Ray IndexDownload
|LYC Lynas Corporation||1.84||11.9||10,942,144||0.11||BULLISH|
|TZN Terramin Australia||0.09||9.8||14,570||0.2||BULLISH|
|BGA Bega Cheese||5.09||7.4||1,107,047||0.05||BULLISH|
|MVP Medical Developments||3.91||7.4||111,742||0.04||BULLISH|
|NEC Nine Entertainment||1.49||7.2||17,312,234||0.23||BULLISH|
|BOC Bougainville Copper||0.15||7.1||5,000||0.04||BULLISH|
|IRD Iron Road||0.06||6.7||45,111||0.01||BULLISH|
|FDV Frontier Digital Ventures||0.51||6.3||308,940||0.01||BULLISH|