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Summary
[BULLISH]: Abacus Property currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.6%.
An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.
[Calculation] Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).
Top 10: 
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Exponential Moving Average
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| Company | Close | Close Change (%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| EOS Electro Optic Systems Holdings | 2.88 | 2.9 | 17,061 | -2 | BEARISH CROSSOVER |
| DCG Decmil | 0.91 | 2.8 | 109,864 | -0.2 | BEARISH CROSSOVER |
| RHC Ramsay Health Care | 56.94 | 2.7 | 504,796 | -0.5 | BEARISH CROSSOVER |
| UOS United Overseas Australia | 0.68 | 2.3 | 1,400 | -1.6 | BEARISH CROSSOVER |
| SST Steamships Trading Company | 18.89 | 2.1 | 6,006 | -0.8 | BEARISH CROSSOVER |
| FNP Freedom Nutritional Products | 6.05 | 2 | 103,792 | -0.3 | BEARISH CROSSOVER |
| QMS Qms Media | 1.06 | 1.9 | 153,859 | -0.4 | BEARISH CROSSOVER |
| VRL Village Roadshow | 1.87 | 1.9 | 1,700,661 | -0.3 | BEARISH CROSSOVER |
| XHJ ASX 200 Health Care | 31753.2 | 1.3 | 0 | -0.3 | BEARISH CROSSOVER |
| SPK Spark New Zealand | 3.54 | 1.1 | 706,428 | -1.2 | BEARISH CROSSOVER |