Trading: BUY @ $0.552
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Runge (ASX:RUL) has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Mar 19 2019.
The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;
PROFILE: Runge (RUL.AX)
Stock Exchange: ASX
Ticker Codes: | RUL.AX | ASX:RUL |
RPMGlobal Holdings Limited develops and provides mining software solutions in Australia, Asia, the Americas, Africa, and Europe. It provides enterprise mining and asset management, execution, financial, mine designing and reservation, planning and scheduling, and simulation software. The company offers enterprise planning framework; AMT, an asset management solution for mining equipment; operations manager, a shift wide productivity platform; XECUTE, an enterprise mine planning application for the ultra-short term planning horizon; Shiftlog software; XERAS, a budgeting and strategic planning solution; and XERAS Enterprise, an enterprise financial modeling system. It also provides decline optimization tool; large-scale underground network optimizer; planar underground network optimizer; COAL SEAM AGG and BLOCK AGG geological integration software; FRACSIS, a data integration software application; XPAC Solution, a mine scheduling software for oil sands, open cut coal and phosphate mines, open pit diamond and metal mines, quarries, and underground coal and metal mines; and XACT, a short term mine scheduling and enterprise software. In addition, the company offers DRAGSIM, a dragline simulation system for modeling dragline stripping operations; HAULNET, a haul route planning software; TALPAC, a haulage and loading simulator; HAULSIM, a 3D discrete event simulation software; SIMULATE, an enterprise-enabled solution for original equipment manufacturers; and Underground Coal TALPAC for long wall planning. Further, it provides mining project advisory services; mergers and acquisitions, project funding, and other services; and software and professional development training services, as well as laboratory gas testing services. The company was formerly known as RungePincockMinarco Limited and changed its name to RPMGlobal Holdings Limited in March 2017. RPMGlobal Holdings Limited was founded in 1968 and is headquartered in Brisbane, Australia.
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