Saracen Mineral (SAR.AX)
Trading: BUY @ $3.05
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.
Saracen Mineral (ASX:SAR) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.316.
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: Saracen Mineral (SAR.AX)
Stock Exchange: ASX
Company: Saracen Mineral
Ticker Codes: | SAR.AX | ASX:SAR |
Saracen Mineral Holdings Limited engages in the gold mining business in Australia. It also explores for nickel deposits. The company holds 100% interest in the Carosue Dam operations located in north-east of Kalgoorlie, Western Australia. It also holds interests in Thunderbox operations located in the Yandal belt and the Agnew-Wiluna belt in the North Eastern Goldfields of Western Australia. Saracen Mineral Holdings Limited is headquartered in Perth, Australia.
|SVW Seven Holdings||19.02||12.2||2,028,025||5.59||BEARISH|
|GCY Gascoyne Resources||0.11||11.1||1,637,598||5.22||BEARISH|
|AYS Amaysim Australia||0.95||5.6||94,182||13.02||BEARISH|
|BSA Broadcast Services Australia||0.29||5.6||67,709||7.71||BEARISH|
|WGX Westgold Resources||1.2||4.3||573,357||11.52||BEARISH|
|DDR Dicker Data||3.2||4.2||342,810||8.74||BEARISH|
|EQT Equity Trustees||24.75||4||3,285||7.98||BEARISH|
|PRT Prime Television||0.26||4||163,095||5.99||BEARISH|
|WAF West African Resources||0.27||3.9||2,108,072||18.3||BEARISH|