Reliance Worldwide Corporation (RWC.AX)
EASE OF MOVEMENT
Trading: SELL @ $4.46
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.
Reliance Worldwide Corporation (ASX:RWC) current price have moved downwards on low volume. Currently, the EOM is -0.797.
The Ease of Movement (EOM) is a technical momentum indicator that is used to illustrate the relationship between the rate of an assets price change and its volume. This indicator attempts to identify the amount of volume required to move prices. Generally a value greater than zero is an indication that the stock is being accumulated (bought) and negative values are used to signal increased selling pressure. A high positive value appears when prices move upward on low volume. Strong negative numbers indicate that price is moving downward on low volume.
Calculation: Ease of Movement (EOM):
1) Distance Moved = ((H + L)/2 - (Prior H + Prior L)/2);
2) Box Ratio = ((V/100 000 000)/(H - L));
3) 1-Period EMV = ((H + L)/2 - (Prior H + Prior L)/2) / ((V/100 000 000)/(H - L));
4) 14-Period Ease of Movement = 14-Period simple moving average of 1-period EMV
PROFILE: Reliance Worldwide Corporation (RWC.AX)
Stock Exchange: ASX
Company: Reliance Worldwide Corporation
Ticker Codes: | RWC.AX | ASX:RWC |
Reliance Worldwide Corporation Limited designs, manufactures, and supplies water control systems and plumbing solutions for domestic, commercial, and industrial applications. It primarily offers push-fit plumbing fittings under the SharkBite name; water control valves, including thermostatic mixing valves, combination non-return and isolating valves, pressure and temperature relief valves, and expansion control valves under the RMC brand; water safety valves under the Cash Acme name; and water control devices under the Reliance Water Controls name. The company also provides a range of water meters for hot and cold water applications under the RMC brand; backflow prevention devices, such as hose connection vacuum breakers, dual check valves, vented dual checks, and atmospheric vacuum breakers under the Cash Acme name; industrial products comprising compression fittings, couplings, adaptors, and ball valves under the TubeFit name for industrial-grade plumbing and gas line applications; and industrial fittings under the Titon brand. In addition, it offers custom forged products, including building products, water meter bodies, and other custom forgings; custom extrusions; brass plumbing fittings; and fire plumbing products, such as hydrant valves, boosters, standpipes, and couplings. The company provides plumbing solutions to businesses and households, as well as supplies hot water systems to manufacturers, plumbing distributors, government bodies, and other industries. It has operations in Australia, New Zealand, the United States, Canada, the United Kingdom, and Spain. Reliance Worldwide Corporation was founded in 1949 and is based in Melbourne, Australia.
Ease of MovementDownload
|DNA Donaco International||0.05||22.7||60,506,628||-0.3||BEARISH|
|SGF SG Fleet||3.21||9.6||106,873||-0.02||BEARISH|
|BSA Broadcast Services Australia||0.26||6.3||76,125||-0.02||BEARISH|
|BDR Beadell Resources||0.05||4.5||814,267||-0.23||BEARISH|
|BRN Brainchip Holdings||0.12||4.3||567,310||-0.05||BEARISH|
|TPM Tpg Telecom||6.74||3.7||2,086,909||-0.54||BEARISH|
|ABP Abacus Property||3.45||3.6||1,444,771||-0.28||BEARISH|
|OCL Objective Corporation||2.69||3.5||25,000||-0.06||BEARISH|
|ZEL Zeolite Australia||5.41||3.2||11,794||-11.29||BEARISH|