WEIGHTED MOVING AVERAGE
Trading: BUY @ $0.044
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 uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -33.3%.
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: 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.
Weighted Moving AverageDownload
|EMH European Metals Holdings||0.4||14.3||44,010||1.9||BULLISH|
|SVW Seven Holdings||19.02||12.2||2,028,025||2.6||BULLISH|
|BFC Beston Global Food||0.16||6.9||222,535||2.5||BULLISH|
|SLR Silver Lake Resources||0.68||6.3||5,503,241||3.3||BULLISH|
|PRU Perseus Mining||0.44||6||5,131,036||2.5||BULLISH|
|CIA Champion Iron||1.59||5.7||299,939||3||BULLISH|
|OSP Osprey Medical||0.11||4.8||5,000||1.9||BULLISH|