ELDER RAY INDEX
Trading: BUY @ $1.85
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.
Somnomed (ASX:SOM) Elder Ray Index is signalling a Bullish movement
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
|ZIM Zimbabwe Platinum Mines||8.5||15.6||3,496||1.14||BULLISH|
|SMX Sms Management & Technology||0.61||11.9||462,038||0.09||BULLISH|
|PGC Paragon Care||0.48||9.2||563,206||0.45||BULLISH|
|SAS Sky And Space Global||0.03||7.4||1,536,383||0||BULLISH|
|TRS Reject Shop||2.64||7.3||58,405||0.16||BULLISH|
|MLX Metals X||0.23||7.1||6,862,209||0.04||BULLISH|
|SYR Syrah Resources||1.05||6.1||5,208,632||0.01||BULLISH|
|EHE Estia Health||2.85||4.4||2,186,345||0||BULLISH|