Bendigo Bank (BEN)

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Bendigo Bank (BEN): Signals

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TECHNICAL ANALYSIS SUMMARY

Bendigo Bank (BEN.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $10.13
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.


Bendigo Bank (ASX:BEN) currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 1.1%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


PROFILE: Bendigo Bank (BEN.AX)


Stock Exchange: ASX
Company: Bendigo Bank
Ticker Codes: | BEN.AX | ASX:BEN |

About Bendigo Bank (ASX:BEN):

Bendigo and Adelaide Bank Limited provides banking and financial services in Australia. It operates through Local Cconnection, Partner Connection, and Agribusiness segments. The company offers transaction, savings, offset, and credit accounts; term deposits; secured and unsecured personal loans, and home loans; home and content, car, travel, landlords, health, life, and loan protection insurance products; travel and payment services comprising telegraphic transfers, bank drafts, foreign cheques and cash, and prepaid travel cards; superannuation services; and online banking, e-statement, real time payment, branch banking, ATM, and phone and school banking services. It also provides equipment loan, finance leasing, asset purchase, and novated leasing services; small business lending, commercial lending, debtor finance, retirement living and aged care, trade finance, and interest rate risk products; bulk payment and super fund services; business overdraft facilities; business debit and credit cards; and commercial insurance solutions for business, farm, and trade activities, as well as online business insurance for trade, retail, hospitality, and professionals. In addition, the company offers spot foreign exchange (FX) and FX contract services, and foreign currency accounts and options; trade advances, import and export letters of credit, documentary collections, and performance bonds; rural and not-for-profit banking services; and money market deposits. Further, it provides financial planning services; wealth solutions, including share trading, managed funds, margin lending, and funeral bonds; and private and community banking, and telecommunication services. The company operates 182 Bendigo Bank, 316 Community Bank, 21 Alliance Bank, 15 Delphi Bank, and 9 Rural Finance/Rural Bank branches; 114 customer service agencies; and 1000 ATMs. Bendigo and Adelaide Bank Limited was founded in 1858 and is headquartered in Bendigo, Australia.

Top 10:

Exponential Moving Average

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