WEIGHTED MOVING AVERAGE
Trading: SELL @ $23.12
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.
Ansell (ASX:ANN) 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 -2.4%.
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: Ansell (ANN.AX)
Stock Exchange: ASX
Ticker Codes: | ANN.AX | ASX:ANN |
Ansell Limited designs, develops, and manufactures protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, Caribbean, and North America. It operates through four segments: Medical, Industrial, Single Use, and Sexual Wellness. The company's Industrial segment offers hand, foot, and body protection solutions for automotive, chemical, construction, machinery and equipment, life sciences, food processing, machinery and equipment, metal fabrication, and first responders, as well as oil, gas, and mining industries. Its Medical segment provides sharps safety products, staff and patient ergonomics, fluid and trip management services, and event protection products; and O.R. turnover solutions, as well as surgical, examination, and specialty gloves. This segment also provides disposable scalpels and antimicrobial surgical theater consumables for acute care hospitals, emergency services, alternate care, dentistry, and veterinary clinics. The company's Single Use segment offers single use gloves for use in various industrial applications, including chemical, food services, life sciences, electronics, and automotive after markets. Its Sexual Wellness segment manufactures, sells, and markets condoms, lubricants, and devices and fragrances through retail outlets to public health programs. The company offers its products under the ActivArmr, Alphatec, HyFlex, ProjeX, VersaTouch, VIKING, Trellchem, MICROCHEM, Microflex, TouchNTuff, Encore, GAMMEX, MICRO-TOUCH, SANDEL, SKYN, Blowtex, LifeStyles, JISSBON, Kamasutra, and Manix brands. The company was formerly known as Pacific Dunlop Limited and changed its name to Ansell Limited in 2002. Ansell Limited was founded in 1888 and is based in Richmond, Australia.
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