Pacific Niugini Minerals (PNR.AX)
ELDER RAY INDEX
Trading: BUY @ $0.25
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.
Pacific Niugini Minerals (ASX:PNR) Elder Ray Index is signalling a Bullish movement
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: Pacific Niugini Minerals (PNR.AX)
Stock Exchange: ASX
Company: Pacific Niugini Minerals
Ticker Codes: | PNR.AX | ASX:PNR |
Pantoro Limited engages in the exploration of mineral properties. It explores for gold, silver, and copper deposits. The company holds interests in the Halls Creek project that comprises the Nicolsons project located in the Kimberley region of Western Australia; and the Grants Creek project located to the north of the Halls Creek project in Western Australia. It also holds interests in the Bulolo and Garaina projects in Papua New Guinea. The company was formerly known as Pacific Niugini Limited and changed its name to Pantoro Limited in December 2015. Pantoro Limited is headquartered in West Perth, Australia.
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