[BULLISH]: Prime Television UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 15.964.
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: Prime Television (PRT.AX)
Stock Exchange: ASX
Company: Prime Television
Ticker Codes: | PRT.AX | ASX:PRT |
Prime Media Group Limited provides commercial television broadcasting services in Australia. The company offers free-to-air television broadcasting services under the PRIME7 and GWN7 brands in the regional New South Wales, the Australian Capital Territory, regional Victoria, the Gold Coast area of Southern Queensland, and regional Western Australia. Prime Media Group Limited is based in Watson, Australia.
|EMH European Metals Holdings||0.4||12.9||50,755||1.98||BULLISH|
|SLR Silver Lake Resources||0.57||9.6||4,014,673||2.74||BULLISH|
|KDR Kidman Resources||1.17||8.3||6,199,530||3.9||BULLISH|
|RMS Ramelius Resources||0.5||7.5||3,500,339||4.33||BULLISH|
|PME Pro Medicus||11.68||6.7||140,709||2.42||BULLISH|
|CNI Centuria Capital||1.39||6.1||207,220||2.14||BULLISH|