Trading: SELL @ $3.15
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.
Orora (ASX:ORA) UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.132.
A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.
Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;
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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