Av Jennings Homes (AVJ.AX)
Trading: CLOSE SHORT @ $0.58
Signal Strength: MEDIUM
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Av Jennings Homes (ASX:AVJ) current trading has closed out Envelope Bands to oversold status and signalled the initiation of long trading conditions. Currently, the Lower Band is 0.5795.
Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.
Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);
PROFILE: Av Jennings Homes (AVJ.AX)
Stock Exchange: ASX
Company: Av Jennings Homes
Ticker Codes: | AVJ.AX | ASX:AVJ |
AVJennings Limited engages in the development of residential properties in Australia. It is involved in land and apartment development, and integrated housing activities. The company was founded in 1932 and is based in Hawthorn, Australia. AVJennings Limited is a subsidiary of SC Global Developments Pte Ltd.
Moving Average EnvelopeDownload
|CGC Consolidated Gaming Corporation||6.89||11.9||2,244,444||46.68||BULLISH|
|SAS Sky And Space Global||0.06||6.8||2,727,289||32.82||BULLISH|
|LNG Liquefied Natural Gas||0.5||6.5||2,349,316||56.94||BULLISH|
|KAR Karoon Gas Australia||1.05||5.6||521,607||136.36||BULLISH|
|TNG Tennant Creek Gold||0.11||4.8||28,222||55.25||BULLISH|
|ALK Alkane Exploration||0.23||4.5||264,234||22.73||BULLISH|