A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).
Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;
PROFILE: Somnomed (SOM.AX)
Stock Exchange: ASX
Ticker Codes: | SOM.AX | ASX:SOM |
SomnoMed Limited, together with its subsidiaries, produces and sells devices for the oral treatment of sleep related disorders in Australia and internationally. Its products include SomnoDent oral appliance for obstructive sleep apnea; and SomnoBrux, a mouthguard, which protects patient's from teeth grinding damage, as well as SomTabs for cleaning its devices. The company was founded in 2004 and is based in Crows Nest, Australia.
Elder Ray IndexDownload
|EWC Energy World Corporation||0.19||8.8||503,392||0||BEARISH|
|SAS Sky And Space Global||0.06||7.3||4,707,730||-0.03||BEARISH|
|BPT Beach Petroleum||2.04||6||25,271,336||-0.2||BEARISH|
|BLA Blue Sky||1.64||3.5||260,460||-0.07||BEARISH|
|MDC Mcconnell Dowell Corporation||0.46||3.4||83,799||-0.24||BEARISH|
|FMG Fortescue Metals||3.92||2.6||14,748,993||-0.01||BEARISH|
|LIC Lifestyles Communities||6.1||2.2||51,921||-0.01||BEARISH|