Carsales (CAR)

Download button icon Download

Carsales (CAR): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Carsales (CAR.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $11.23
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.


Carsales (ASX:CAR) 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 -2.2%.



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: Carsales (CAR.AX)


Stock Exchange: ASX
Company: Carsales
Ticker Codes: | CAR.AX | ASX:CAR |

About Carsales (ASX:CAR):

carsales.com Ltd engages in online automotive, motorcycle, and marine classifieds business primarily in Australia. The company operates in four segments: Online Advertising Services, Data, Research and Services, International, and Finance and Related Services. The Online Advertising Services segment provides classified advertising that allows dealers and consumers to advertise automotive and nonautomotive goods and services for sale across the carsales network; and includes services, such as subscriptions, lead, and priority placement services across automotive and non-automotive Websites. It also offers display advertising services, including placing advertisements on carsales network Websites for corporate customers, such as automotive manufacturers/importers, finance and insurance companies, etc. In addition, this segment holds investments in tyresales.com.au, an online tyre retailer that allows consumers to transact and purchase tyres; and RedBook Inspect, which provides inspection services published online as part of classified advertisements. The Data, Research and Services segment offers software, analysis, research and reporting, valuation services, and Website development and hosting, as well as photography services to manufacturers/importers, dealers, industry bodies, and finance and insurance companies. The International segment engages in the online automotive classifieds and automotive data services businesses internationally. The Finance and Related Services segment provides finance arrangements for vehicles, boats, and other leisure items; vehicle procurement; and other related services to customers. The company was founded in 1997 and is headquartered in Richmond, Australia.

Top 10:

Exponential Moving Average

Download button icon Download
Company Close Change (%) Volume Value Signal
FBR Fastbrick Robotics 0.2 8.3 3,584,908 0.3 BULLISH CROSSOVER
RFG Retail Food 0.4 2.6 221,660 0.2 BULLISH CROSSOVER
FIG Freedom Insurance 0.06 1.7 208,320 1 BULLISH CROSSOVER
SPK Spark New Zealand 3.92 1.6 904,798 0.4 BULLISH CROSSOVER
WHC Whitehaven Coal 4.44 0.7 6,114,672 2.2 BULLISH CROSSOVER
NST Northern Star Resources 8.39 0.7 2,253,973 1.5 BULLISH CROSSOVER
SYD Sydney Airport 6.62 0.3 7,312,449 1.6 BULLISH CROSSOVER
RSG Resolute Mining 1 0 5,551,634 3 BULLISH CROSSOVER
VLW Villa World 1.99 0 258,349 0.5 BULLISH CROSSOVER
QIN Quintis 0.3 0 0 0.4 BULLISH CROSSOVER
back to top