Southern Cross Media (SXL.AX)
ELDERS FORCE INDEX
Trading: BUY @ $1.02
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.
Southern Cross Media (ASX:SXL) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 16109.
Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.
Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;
PROFILE: Southern Cross Media (SXL.AX)
Stock Exchange: ASX
Company: Southern Cross Media
Ticker Codes: | SXL.AX | ASX:SXL |
Southern Cross Media Group Limited engages in the creation and broadcasting of content on free to air commercial radio, TV, and online media platforms in Australia. The company owns 140 radio stations across 68 markets; and owns 19 regional free to air television licenses that cover 30 regional sub markets. It provides online advertising and integration through approximately 85 Websites; and develops microsites, mobile apps, online videos, and social media campaigns for clients. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited is based in South Melbourne, Australia.
Elder's Force IndexDownload
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|SGR The Star Entertainment||4.58||5.3||3,025,465||23,361||BULLISH|
|EPW ERM Power||1.65||5.1||110,867||423||BULLISH|
|SSM Service Stream||1.7||4.3||359,590||366,213||BULLISH|
|AHY Asaleo Care||0.95||3.8||2,959,854||114,346||BULLISH|