Trading: BUY @ $4.68
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Orocobre (ASX:ORE) has a current ARO(25) of 24. This has change 0 points from yesterday.
The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.
Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;
PROFILE: Orocobre (ORE.AX)
Stock Exchange: ASX
Ticker Codes: | ORE.AX | ASX:ORE |
Orocobre Limited explores for and develops lithium and potash deposits in Argentina. Its flagship project is the Salar de Olaroz lithium project located in north-west province of Jujuy. The company also produces boron minerals and refined chemicals. Orocobre Limited is based in Milton, Australia.
|RHL Ruralco Holdings||3.12||7.2||361,827||12||BULLISH|
|GRR Grange Resources||0.23||2.3||971,069||20||BULLISH|
|CIA Champion Iron||1.35||1.9||43,678||36||BULLISH|
|UOS United Overseas Australia||0.69||1.5||1,781||20||BULLISH|
|GPT General Property Trust||5.36||1.3||6,114,316||88||BULLISH|
|MCY Mighty River Power||3.24||1.3||6,318||52||BULLISH|
|ENN Elanor Investors||1.85||1.1||35,796||56||BULLISH|