In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.
Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;
PROFILE: Xero (XRO.AX)
Stock Exchange: ASX
Ticker Codes: | XRO.AX | ASX:XRO |
Xero Limited, together with its subsidiaries, operates as a software as a service company worldwide. The company offers Xero, a cloud-based accounting software that connects small businesses to their advisors. It also provides accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook/Ledger; and Xero mobile app. The company serves various businesses, such as retail, high tech, non-profit, legal, Amazon sellers, hospitality, cafÚs, startups, construction, creatives, e-commerce, small business, healthcare, farming, manufacturing, tourism, and real estate. Xero Limited was founded in 2006 and is headquartered in Wellington, New Zealand.
|GCY Gascoyne Resources||0.16||3.2||691,862||66.7||NEUTRAL|
|AHG Advance Healthcare||1.54||2.7||1,401,020||66.4||NEUTRAL|
|BAL Bellamys Australia||7.51||2.7||1,655,644||67.2||NEUTRAL|
|AEF Australian Ethical Investments||1.69||2.4||12,264||34.8||NEUTRAL|
|GOR Gold Road Resources||0.68||2.3||8,018,777||68.4||NEUTRAL|
|NHC New Hope||3.63||2.3||1,697,090||66.1||NEUTRAL|
|PLS Pilbara Minerals||0.71||2.2||3,562,911||75||NEUTRAL|