TRIANGULAR MOVING AVERAGE
Trading: SELL @ $0.07
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.
Broo (ASX:BEE) currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -6.7%.
A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.
Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;
PROFILE: Broo (BEE.AX)
Stock Exchange: ASX
Ticker Codes: | BEE.AX | ASX:BEE |
Broo Limited produces and distributes beer in Australia and China. It operates through Hospitality, Australian brewing, and Chinese brewing segments. The company offers beers under the Broo Premium Lager and Australia Draught names. It serves hotels, liquor stores, restaurants, and other licensed premises through wholesalers. The company also manages pubs and boutique brewery venues. Broo Limited is headquartered in Mildura, Australia.
Triangular Moving AverageDownload
|ADA Adacel Technologies||0.89||10.6||246,616||-43.3||BEARISH|
|RAP Resapp Health||0.11||10||6,450,027||-39.2||BEARISH|
|YAL Yancoal Australia||3.06||8.1||42,618||-18.2||BEARISH|
|CAB Cabcharge Australia||2.08||4||39,330||-2.1||BEARISH|
|OSP Osprey Medical||0.15||3.4||222,142||-18.5||BEARISH|
|CTD Corporate Travel Management||22.9||3||964,471||-12.6||BEARISH|
|IRI Integrated Research||2.27||2.7||137,854||-2.3||BEARISH|