Reef Casino (RCT.AX)
Trading: BUY @ $3
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.
Reef Casino (ASX:RCT) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.145.
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: Reef Casino (RCT.AX)
Stock Exchange: ASX
Company: Reef Casino
Ticker Codes: | RCT.AX | ASX:RCT |
Reef Casino Trust owns and leases The Reef Hotel Casino complex located in Cairns, Australia. The company was founded in 1993 and is based in Cairns, Australia. Reef Casino Trust is a subsidiary of Reef Casino Investments Pty Ltd.
|SST Steamships Trading Company||17.7||12||3,070||4.15||BULLISH|
|BKY Berkeley Resources||0.33||10||250,006||3.22||BULLISH|
|EMH European Metals Holdings||0.4||9.6||82,920||4.12||BULLISH|
|WHC Whitehaven Coal||4.46||6.4||15,597,625||4.94||BULLISH|
|SNZ Summerset Holdings||5.61||5.3||2,413||2.31||BULLISH|
|MNF My Net Fone||4.58||4.1||80,005||2.12||BULLISH|
|ZIM Zimbabwe Platinum Mines||8.3||3.8||784||0.91||BULLISH|
|TWE Treasury Wine Estates||16.75||3.1||4,337,366||1.17||BULLISH|