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: REA Group (REA.AX)
Stock Exchange: ASX
Company: REA Group
Ticker Codes: | REA.AX | ASX:REA |
REA Group Limited provides advertising services to the real estate industry in Australia and Asia. It advertises property and property-related services on Websites and mobile apps. The company operates Australian residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, and Flatmates.com.au; Chinese property site myfun.com; and various property portals in Asia. It also provides advertising services to the real estate industry. The company was formerly known as realestate.com.au Ltd. and changed its name to REA Group Limited in December 2008. REA Group Limited was founded in 1995 and is headquartered in Richmond, Australia. REA Group Limited is a subsidiary of News Limited.
|MPP Metro Performance Glass||0.5||11.1||6,500||7.1||BEARISH|
|FRI Finbar International||0.82||9.3||29,707||10.9||BEARISH|
|YAL Yancoal Australia||3.58||6.2||15,958||3.1||BEARISH|
|AJX Alexium International||0.12||4.5||408,959||20||BEARISH|
|GCY Gascoyne Resources||0.12||4.3||2,720,069||10.2||BEARISH|
|AHY Asaleo Care||0.95||3.8||2,959,854||4.5||BEARISH|
|SOL Washington H Soul Pattison & Co||27.06||3.4||808,495||13||BEARISH|