WEIGHTED MOVING AVERAGE
Trading: SELL @ $13.22
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Amcor (ASX:AMC) currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -1.2%.
Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.
Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n
PROFILE: Amcor (AMC.AX)
Stock Exchange: ASX
Ticker Codes: | AMC.AX | ASX:AMC |
Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.
Weighted Moving AverageDownload
|APL Australian Plantation Timber||1.14||-0.4||769,542||-0.3||BEARISH CROSSOVER|
|DWS DWS||1.23||-0.4||79,243||-0.3||BEARISH CROSSOVER|
|IFL Ioof Holdings||7.93||-0.4||726,783||-0.2||BEARISH CROSSOVER|
|MVP Medical Developments||4.9||-0.6||55,327||0||BEARISH CROSSOVER|
|EVT Event Hospitality And Entertainment||14.5||-0.8||11,386||-0.6||BEARISH CROSSOVER|
|IEL IDP Education||9.75||-1.2||310,903||-0.9||BEARISH CROSSOVER|
|CSR CSR||3.67||-1.3||2,041,083||-0.1||BEARISH CROSSOVER|
|PSI Pacific Strategic Investments||2.91||-1.4||338||-1.2||BEARISH CROSSOVER|
|MIR Mirrabooka||2.67||-1.5||22,565||-0.1||BEARISH CROSSOVER|
|JHX James Hardie Industries||19.6||-1.5||1,997,192||-0.4||BEARISH CROSSOVER|