Tpi Enterprises (TPE)

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Tpi Enterprises (TPE): Signals

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TECHNICAL ANALYSIS SUMMARY

Tpi Enterprises (TPE.AX)


Indicator:

ULCER INDEX


Last Signal:

BULLISH


Trading: BUY @ $1.195
Signal Strength: MEDIUM
Recommendation:

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.


Tpi Enterprises (ASX:TPE) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.758.



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: Tpi Enterprises (TPE.AX)


Stock Exchange: ASX
Company: Tpi Enterprises
Ticker Codes: | TPE.AX | ASX:TPE |

About Tpi Enterprises (ASX:TPE):

TPI Enterprises Limited produces and distributes narcotic raw materials for pharmaceutical markets in Australia and Norway. It also produces and distributes poppy seeds for culinary markets; and pharmaceutical ingredients and finished dosage formulations for pharmaceutical markets. The company was founded in 2004 and is based in Docklands, Australia.

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