The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
PROFILE: Orora (ORA.AX)
Stock Exchange: ASXAbout Orora (ASX:ORA):
Ticker Codes: | ORA.AX | ASX:ORA |
Orora Limited manufactures and supplies packaging products and services to the grocery, fast moving consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally. The company offers glass bottles, aluminum cans, closures and caps, boxes and cartons, point-of-purchase displays, recycled paper, rigid and flexible packaging, bags and sacks, general packaging, and supplies. It also purchases, warehouses, sells, and delivers a range of packaging and related materials; and sells equipment; and point of purchase retail display solutions and other visual communication services. In addition, the company provides printing and signage, research and technology, product sourcing, automation and engineering, packaging design, kitting and fulfilment, logistics, and digital technology services. Orora Limited was founded in 2013 and is headquartered in Hawthorn, Australia.