ASX 20 (ATL)

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ASX 20 (ATL): Signals

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TECHNICAL ANALYSIS SUMMARY

Auto Enterprises (ATL.AX)


Indicator:

SINE WEIGHTED MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $1.235
Signal Strength: STRONG
Recommendation:

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.


Auto Enterprises (ASX:ATL) currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 2.9%.



A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.

Calculation: Sine Weighted Moving Average (SWMA):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den


PROFILE: Auto Enterprises (ATL.AX)


Stock Exchange: ASX
Company: Auto Enterprises
Ticker Codes: | ATL.AX | ASX:ATL |

About Auto Enterprises (ASX:ATL):

Apollo Tourism & Leisure Ltd., a tourism leisure company, manufactures, imports, rents, sells, and distributes recreational vehicles in Australia, New Zealand, and North America. It offers motorhomes, campervans, and caravans under the Winnebago, Adria, and Talvor brands. The company is also involved in the retail and wholesale of new and used motorhomes and caravans; and sale of ex-rental motorhomes through a dealer network. Apollo Tourism & Leisure Ltd. was founded in 1985 and is headquartered in Northgate, Australia.

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Sine Weighted Moving Average

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