Cabcharge Australia (CAB.AX)
WEIGHTED MOVING AVERAGE
Trading: BUY @ $2.15
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.
Cabcharge Australia (ASX:CAB) 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 1.9%.
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: Cabcharge Australia (CAB.AX)
Stock Exchange: ASX
Company: Cabcharge Australia
Ticker Codes: | CAB.AX | ASX:CAB |
Cabcharge Australia Limited provides personal transport solutions to passengers, drivers, and taxi operators in Australia. The company offers Cabcharge Plus, a cloud based travel management solution that facilitates taxi booking and dispatching, as well as provides real-time electronic trip information and ATO compliant receipt access services. It also provides cashless methods for paying Taxi fares under the Cabcharge FASTCARD, FASTeTICKET, and FLEXeTICKET names; and Cabcharge gift cards, as well as FAREWAYplus, an in-car payment processing terminal. In addition, the company offers taxi booking applications for the 13CABS, Silver Service, and Yellow Cabs brands. Further, it provides taxi fit-out and repair, vehicle financing and insurance, and driver training and education services. The company was founded in 1976 and is based in Sydney, Australia.
Weighted Moving AverageDownload
|BOC Bougainville Copper||0.19||11.8||27,150||15.9||BULLISH|
|CWY Cleanaway Waste Management||1.86||6.3||8,021,245||6.3||BULLISH|
|EDE Eden Energy||0.08||5.1||4,851,303||9.2||BULLISH|
|SAS Sky And Space Global||0.07||4.8||23,693,401||8.2||BULLISH|
|ANG Austin Engineering||0.25||4.2||2,530,633||6.8||BULLISH|