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: Qms Media (QMS.AX)
Stock Exchange: ASX
Company: Qms Media
Ticker Codes: | QMS.AX | ASX:QMS |
QMS Media Limited provides out-of-home advertising and media services in Australia and internationally. The company offers static and digital billboards; and street furniture panel advertising. It also leases production and printing equipment. The company was incorporated in 2014 and is based in Melbourne, Australia.
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