re:latest yahoo analysis 16c area SHORT TERM COMMENTARY
Short term trend is strongly bearish, trendline slope is negative. Levels over 0.1668 can act as a resistance if price bounces up.
MEDIUM TERM COMMENTARY
Medium term price trend ERG Ltd is still bearish this week. This market keeps a relative behavior lower -57.77 than S&P/ASX 100 Index. Volatility has been decreasing during last month. Be alert to the proximity of support 0.16, and a possible rebound from this level.
RISK ANALYSIS
Alpha: -0.0191
Beta: 1.6772
R2: 0.1506
Relative Performance: -52.5513%
Relative Strength: -4.0872
Retractment from maximum: -63.3333%
Quarterly Volatility: 48.8823%
Distance to 20 days moving average: -6.25%
Distance to 200 days moving average: -38.4099%
Intraday
1 year PERFORMANCE SUMMARY (07/10/2005)
Last Price: 0.165
Since Dec. 31st: -43.1034%
Last Month: -8.3333%
Last Week: 0%
Reference Index: S&P/ASX 100
Correlation: 0.3881
Support: 0.16
Resistance: 0.2
Trend:
Cycle phase this week:
Cycle phase last week:
swans, page-24
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