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: Orora (ORA.AX)
Stock Exchange: ASX
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.
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